Nevada § 120.290 - Delivery or filing

§ 120.290. Delivery or filing

1. Subject to subsections 2 to 11, inclusive, delivery of a disclaimer may be effected

by personal delivery, first-class mail or any other method likely to result in its

receipt. 2. In the case of an interest created under the law of intestate succession or an

interest created by will, other than an interest in a testamentary trust: (a) A disclaimer must be delivered to the personal representative of the decedent's

estate; or (b) If no personal representative is then serving, it must be filed with a court having

jurisdiction to appoint the personal representative. 3. In the case of an interest in a testamentary trust: (a) A disclaimer must be delivered to the trustee then serving or, if no trustee is

then serving, to the personal representative of the decedent's estate; or (b) If no personal representative is then serving, it must be filed with a court having

jurisdiction to enforce the trust. 4. In the case of an interest in an inter vivos trust: (a) A disclaimer must be delivered to the trustee then serving; (b) If no trustee is then serving, it must be filed with a court having jurisdiction

to enforce the trust; or (c) If the disclaimer is made before the time the instrument creating the trust becomes

irrevocable, it must be delivered to the settlor of a revocable trust or the transferor

of the interest. 5. In the case of an interest created by a beneficiary designation which is disclaimed

before the designation becomes irrevocable, the disclaimer must be delivered to the

person making the beneficiary designation. 6. In the case of an interest created by a beneficiary designation which is disclaimed

after the designation becomes irrevocable: (a) The disclaimer of an interest in personal property must be delivered to the person

obligated to distribute the interest; and (b) The disclaimer of an interest in real property must be recorded in the office

of the county recorder of the county where the real property that is the subject of

the disclaimer is located. 7. In the case of a disclaimer by a surviving holder of jointly held property, the

disclaimer must be delivered to the person to whom the disclaimed interest passes. 8. In the case of a disclaimer by an object or taker in default of exercise of a power

of appointment at any time after the power was created: (a) The disclaimer must be delivered to the holder of the power or to the fiduciary

acting under the instrument that created the power; or (b) If no fiduciary is then serving, it must be filed with a court having authority

to appoint the fiduciary. 9. In the case of a disclaimer by an appointee of a nonfiduciary power of appointment: (a) The disclaimer must be delivered to the holder, the personal representative of

the holder's estate or to the fiduciary under the instrument that created the power;

or (b) If no fiduciary is then serving, it must be filed with a court having authority

to appoint the fiduciary. 10. In the case of a disclaimer by a fiduciary of a power over a trust or estate,

the disclaimer must be delivered as provided in subsection 2, 3 or 4, as if the power

disclaimed were an interest in property. 11. In the case of a disclaimer of a power by an agent, the disclaimer must be delivered

to the principal or the principal's representative. 12. As used in this section, “ beneficiary designation ” means an instrument, other than an instrument creating a trust, naming the beneficiary

of: (a) An annuity or insurance policy; (b) An account with a designation for payment on death; (c) A security registered in beneficiary form; (d) A pension, profit-sharing, retirement or other employment-related benefit plan;

or (e) Any other nonprobate transfer at death.