Common use of Disclaimer for Community and Marital Property States Clause in Contracts

Disclaimer for Community and Marital Property States. If the participant resides in a community or marital property state, the participant’s spouse may have a property interest in the participant’s Plan account and the right to dispose of the interest by will. Therefore, NRS disclaims any warranty as to the effectiveness of the participant’s beneficiary designation or as to the ownership of the account after the death of the participant’s spouse. For additional information, please consult your legal advisor to learn more about how your beneficiary designation may be affected by community or marital property state law.

Disclaimer for Community and Marital Property States. If the participant resides in a community or marital property state, the participant’s spouse may have a property interest in the participant’s Plan account and the right to dispose of the interest by will. Therefore, NRS disclaims any warranty as to the effectiveness e"ectiveness of the participant’s beneficiary designation or as to the ownership of the account after the death of the participant’s spouse. For additional information, please consult your legal advisor to learn more about how your beneficiary designation may be affected a"ected by community or marital property state law.