N/W
Net Worth.
NAELA
National Academy of Elder Law Attorneys.
NAEPC
NATIONAL Association of Estate Planners and Councils.
NAHU
National Association of Health Underwriters.
NAIC
National Association of Insurance Commissioners.
NAIFA
National Association of Insurance and Financial Advisors.
NAPGCM
National Association of Professional Geriatric Care Managers.
Natural Group
Any group formed for reasons other than to obtain insurance.
NAV
Net Asset Value.
NCA
National Council on Aging.
NCCUSL
National Conference of Commissions on Uniform State Laws.
NCIC
National Crime Information Center.
NCOIL
National Conference Of Insurance Legislators.
NDAA
National Defense Authorization Act of 2015.
Negative Will
Does not dispose of property but, instead, merely disinherits an heir. Authorized only in a minority of jurisdictions.
NELF
National Elder Law Foundation.
Net Estate
Value of all property in an estate less liabilities of the estate.
Net Taxable Estate
The value of your estate when you die less all of your estate’s liabilities, administrative expenses, and any applicable deductions.
Next of Kin
Closest living relative of decedent, under the California law governing intestate succession. Persons entitled to succeed to personal property; also called distribute.
NF
Nursing Facilities.
NFA
National Firearms Act of 1934.
NFATCA
National Firearms Act Trade and Collector Association.
NFIP
National Flood Insurance Program.
NFLM
National Financial Literacy Month.
NICRUT
Net Income Charitable Remainder UniTrust.
NII
Net Investment Income.
NIIT
Net Investment Income Tax.
NIMCRUT
Net-Income with Makeup Charitable Remainder UniTrust.
NING
Nevada INcomplete Gift non-grantor trust.
NITU
Notice of Interim Trail Use or Abandonment.
NNEP
National Network of Estate Planning.
NNEPA
National Network of Estate Planning Attorneys.
No Contest Clause
See In Terrorem.
NOA
Notice Of Action.
NOL
Net OIperating Loss.
Nominee Trust
A special purpose trust, originally designed to hold real estate and thus sometimes called a “realty trust,” where the identity of the beneficiaries is contained in a document separate from the rest of the trust.
Non-Cancelable
Regarding insurance, once issued, the policy cannot be cancelled, or the terms changed by the insurer. Also premiums cannot be increased. This is the best renewable provision and the most expensive. Normally found in disability income policies issued to age 65. Medicare supplements and LTC polices can be issued non-cancelable.
Non-Cancelable and Guaranteed Renewable
Adds to the non-cancelable benefits that the policy is also guaranteed to renew to a certain age., and the insurer cannot nonrenew the policy for any reason until that age is obtained.
Non-Claim Statutes
Statutes that require claims against a debtor’s estate to be filed within a specific period to be enforceable against the debtor’s estate.
Non-General Power Of Appointment
Is thhe modern term for a limited or special power, meaning that permissible appointees may not include the powerholder, the powerholder’s estate, or creditors of either.
Non-Intervention Probate
See Informal Probate.
Non-Occupational
This policy provision states that only illnesses and injury that happen off the job are covered.
Noncontest Clause
See In-Terrorem Clause.
Noncontributory Plan
Employee benefit plan under which the employer bears the full cost of the employees’ benefits. This plan requires 100% of eligible employees to be enrolled.
Noncupative Will
An oral will, allowed only in extreme cases (and not in all states) such as where the testator faces imminent death.
Nonmarital
Is the nonpejorative term used to describe a child born out of wedlock, also sometimes referred to as illegitimates or bastards.
Nonprobate Property
Property owned or partially owned by the deceased but which does not pass through his probate estate, such as jointly held property or property in a living trust.
NOPI
Net Operating Profits Interests.
NOSSCR
National Organization of Social Security Claimants’ Representatives.
Notary Public
A person authorized by law to administer oaths, and authenticate signatures and documents.
NPPI
Non-Public Personal Information.
NQDC
Non-Qualified Deferred Compensation.
NRA
National Rifle Association.
NRCS
Natural Resource Conservation Service programs.
NTO
No-Tipping-Off.
NTQ
Non-Tax Qualified.
NTSA
National Trails System Act.
NUA
Net Unrealized Appreciation.
Nuncupative Will
An oral will.
NWCC
National Water and Climate Center (USDA).
NYMEX
New York Mercantile Exchange.
NYPAN
New York Philanthropic Advisors Network.