{"data":{"id":"us-nv/nrs-162b.305","jurisdiction":"us-nv","citation":"NRS 162B.305","heading":"Intent to exercise: Determining intent from residuary clause.","body":"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:\n(a) The terms of the instrument containing the residuary clause do not manifest a contrary intent;\n(b) The power is a general power exercisable in favor of the powerholder’s estate;\n(c) There is no gift-in-default clause or the clause is ineffective; and\n(d) The powerholder did not release the power.\n2. As used in this section:\n(a) “Residuary clause” does not include a residuary clause containing a blanket-exercise clause or a specific-exercise clause.\n(b) “Will” includes a codicil and a testamentary instrument that revises another will.","path":["TITLE 13 — GUARDIANSHIPS; CONSERVATORSHIPS; TRUSTS","CHAPTER 162B - POWERS OF APPOINTMENT (UNIFORM ACT)","EXERCISE OF POWER OF APPOINTMENT"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-162B.html#NRS162BSec305","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:33Z","sha256":"4d3b690fe42c83f270236be18f1cc15264c6f99084c38679adf5bb18c007b517","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-162b.300","next":"us-nv/nrs-162b.310"},"notice":"GroundRules: Original legal text. Not legal advice."}