Nevada Revised Statutes 151.220 – Specific devise of personal property for life only
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If a specific devise of personal property is for life only, the life tenant must sign and deliver to the remainderman or, if there is none, to the personal representative, an inventory of the property, acknowledging that it is in the life tenant’s custody for life only, and that, on death, it is to be delivered to the remainderman.
Terms Used In Nevada Revised Statutes 151.220
- Devise: To gift property by will.
- Personal property: All property that is not real property.
- Remainderman: One entitled to the remainder of an estate after a particular reserved right or interest, such as a life tenancy, has expired.