Neb. Rev. Stat. § 76-3402

Current with changes from the 2024 legislative session enacted on or before 4/18/2024

Section 76-3402 - Definitions

For purposes of the Nebraska Uniform Real Property Transfer on Death Act:

(1) Beneficiary means a person that receives property under a transfer on death deed;

(2) Designated beneficiary means a person designated to receive property in a transfer on death deed;

(3) Disinterested witness to a transfer on death deed means any individual who acts as a witness to a transfer on death deed at the date of its execution and who is not a designated beneficiary or an heir, a child, or a spouse of a designated beneficiary;

(4) Joint owner means an individual who owns property concurrently with one or more other individuals with a right of survivorship. The term includes a joint tenant. The term does not include a tenant in common without a right of survivorship;

(5) Person means an individual, a corporation, an estate, a trustee of a trust, a partnership, a limited liability company, an association, a joint venture, a public corporation, a government or governmental subdivision, agency, or instrumentality, or any other legal or commercial entity;

(6) Property means an interest in real property located in this state which is transferable on the death of the owner;

(7) Transfer on death deed means a deed authorized under the Nebraska Uniform Real Property Transfer on Death Act; and

(8) Transferor means an individual who makes a transfer on death deed.

Neb. Rev. Stat. § 76-3402

Laws 2012, LB 536,§ 2; Laws 2013, LB 345,§ 2.