N

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.