Saticoy Bay LLC Ser. 3580 Lost Hills vs. Foreclosure Recovery Ser., LLC [State of Nevada], 140 Nev. Adv. Op. 75 (Nov. 27, 2024)

The Court ruled that the beneficiary to a will who is devised real property may act as the testator’s successor in interest for purposes of Nevada’s redemption statute, NRS 116.31166 . In reaching this conclusion, the Court applied longstanding Nevada precedent and various canons of statutory interpretation to hold that the beneficiary is immediately vested with beneficial interest in the property at the time of the testator’s death. The Court clarified that this interest is distinct from title, and that there is no requirement that the will be probated prior to asserting this interest.