58-708. Uniform simultaneous death act; definitions. - Kansas Statutes

58-708

Chapter 58.--PERSONAL AND REAL PROPERTY Article 7.--UNIFORM SIMULTANEOUS DEATH LAW

      58-708.   Uniform simultaneous death act; definitions.In this act:

      (1)   "Co-owners with right of survivorship" includes joint tenants, tenantsby the entireties, and other co-owners of property or accounts held undercircumstances that entitles one or more to the whole of the property or accounton the death of the other or others.

      (2)   "Governing instrument" means a deed, will, trust, insurance or annuitypolicy, account with POD designation, pension, profit-sharing, retirement orsimilar benefit plan, instrument creating or exercising a power of appointmentor a power of attorney, or a donative, appointive or nominative instrument ofany other type.

      (3)   "Payor" means a trustee, insurer, business entity, employer, government,governmental agency, subdivision or instrumentality or any other personauthorized or obligated by law or a governing instrument to make payments.

      History:   L. 1992, ch. 97, § 1; July 1.