Nev. Rev. Stat. § 162B.305
Intent to exercise: Determining intent from residuary clause
Nevada · Nevada Revised Statutes Chapter 162B — Powers of Appointment (Uniform Act) · Status: effective
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- Citation
- Nev. Rev. Stat. § 162B.305, Intent to exercise: Determining intent from residuary clause, Nevada, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2086372
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Full text
1. A residuary clause in a powerholder’s will or a comparable clause in the powerholder’s revocable trust, manifests the powerholder’s intent to exercise a power of appointment only if:
(a) The terms of the instrument containing the residuary clause do not manifest a contrary intent;
(b) The power is a general power exercisable in favor of the powerholder’s estate;
(c) There is no gift-in-default clause or the clause is ineffective; and
(d) The powerholder did not release the power.
2. As used in this section:
(a) “Residuary clause” does not include a residuary clause containing a blanket-exercise clause or a specific-exercise clause.
(b) “Will” includes a codicil and a testamentary instrument that revises another will.