The minor child reaches age 18 (though the donor may override by specifying any termination age up through 21 for a transfer by gift, or 25 for transfers made by will, or trust, or exercise of power of appointment).Nevada does not have a state income tax.
Nevada does not impose an inheritance tax.
Nevada imposes an estate tax equal to the maximum credit allowed under the federal tax code for paid state estate and inheritance taxes under IRC Sec. 2011. However, the current federal tax code does not permit a credit for paid state estate or inheritance taxes. Therefore, there is no credit estate tax in effect at this time.
Nevada imposes a GST tax equal to the maximum credit allowed under IRC Sec. 2604 for paid state GST tax. However, the current federal tax code does not permit a credit for paid state GST tax. Therefore, there is no current GST tax.
Nevada does not impose a gift tax.
The minimum age of a person competent to make a will is 18.
The number of witnesses necessary to execute a will is two.
The original custodial gift may be a life insurance policy or annuity contract.
Custodial property may be invested in or used to pay premiums on (1) a policy on the minor's life if the minor's estate is the sole beneficiary, or (2) a policy on a third party in whom the minor has an insurable interest, if the minor or the custodian is the irrevocable beneficiary.
The custodial arrangement terminates when:
The minor child reaches age 18 (though the donor may override by specifying any termination age up through 21 for a transfer by gift, or 25 for transfers made by will, or trust, or exercise of power of appointment).
The minor child dies.
For important general information about the following material, click here.
Each state describes its own distribution pattern of how property passes to a decedent's spouse, children, parents and siblings. If no such individuals are living, state laws specify other takers among more distant ancestors before awarding property to the state through "escheat" provisions. We do not trace devolution of property beyond those noted above, but cite appropriate statutes for those interested in additional detail.
Many states refer to their distribution regime by simply stating that the heirs of predeceased individuals take "by representation." We use only the statutory verbiage, but may cite other statutory guidance when it exists.
States vary in the way they refer to descendants, using such terms as "issue" or simply children or grandchildren. We use the term "descendant," unless usage of different term adds clarity.
Some states address situations where misconduct or abuse causes forfeiture of a right to receive a share of the estate. Those interested in this information should see the state statutes.
The estate goes to the surviving spouse, taking the decedent’s full share of all community property. Separate property goes to the spouse as follows:
If there are no descendants, parents, siblings or their descendants—100% of the estate
If there is only one child, or the descendant of one child—50% of the estate (with the other 50% going to the child or descendants of the child)
If there is more than one surviving child, or a child and the descendants of one or more deceased children—one‐third of the estate (with the remaining two‐thirds going equally to the children and the descendants of any deceased child by representation). The Nevada statutes do not define representation.
If there are no surviving descendants, but one or both parents survive—50% of the estate (with the other 50% going to the surviving parent or both parents equally)
If there are no surviving descendants or parents, but one or more siblings survive—50% of the estate (with the other 50% going equally to the siblings of the decedent)
If there is no surviving spouse, or if a portion of the estate does not go to the spouse:
100% to children, share and share alike, and to the descendants of each deceased child, by representation, the same share that the parent would have received if the parent had been alive at the time of the decedent’s death
If there is no surviving spouse or child:
100% to the descendants of any children, by representation, ad infinitum
If there is no surviving spouse, child or descendant:
100% to a surviving parent or parents equally
If there is no surviving spouse, child, descendant or parent:
100% to siblings and their descendants by representation, as follows:
to siblings equally, and
to the descendants of each deceased sibling, by representation, the same share the parent would have received if the parent had been living at the decedent's death
If none of the above:
Intestacy laws outline further distribution steps to "next of kin" and their descendants. See NRS §134.070.
If no legally described recipient can be found, estate assets go to the state of Nevada.
Click here for more information on intestacy.
Non-qualified Annuities: Exempt from creditors.
Life Insurance Cash Value: Exempt from creditors.
Life Insurance Proceeds: Exempt from creditors.
Digital Assets: Nevada follows the Revised Uniform Fiduciary Access to Digital Assets Act to ensure that testators can retain control of their digital property and plan for its ultimate disposition.
Copyright © 2026, Endowment Development Services, a PGI Partners Company, 921 East 86th Street, Suite 100, Indianapolis, Indiana 46240. All rights reserved.
This service is designed to provide accurate and authoritative information in regard to the subject matter covered. It is provided with the understanding that neither the publisher nor any distributor is engaged in rendering legal, accounting, tax, investment, or other professional advice. If legal advice or other expert assistance is required, the services of a competent professional should be sought.
While the publisher has been diligent in attempting to provide accurate information, the accuracy of the information cannot be guaranteed. Laws and regulations change frequently, and are subject to differing legal interpretations. Accordingly, neither the publisher nor any distributor of this service shall be liable for any loss or damage caused or alleged to have been caused by the use or reliance upon this service.