Nevada Revised Statutes (Last Updated: December 24, 2014) |
TITLE10 PROPERTY RIGHTS AND TRANSACTIONS |
CHAPTER111. Estates in Property; Conveyancing and Recording |
NONPROBATE TRANSFER OF PROPERTY UPON DEATH |
Accounts in Financial Institutions |
NRS111.797. Alteration of type of account; right of survivorship not altered by will.
Latest version.
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1. The rights at death under NRS 111.795 are determined by the type of account at the death of a party. The type of account may be altered by written notice given by a party to the financial institution to change the type of account or to stop or vary payment under the terms of the account. The notice must be signed by a party and received by the financial institution during the party’s lifetime.
2. A right of survivorship arising from the express terms of the account, NRS 111.795 or a POD designation may not be altered by a will.
(Added to NRS by 2011, 1432)