Kentucky Renuncia y Descargo de Responsabilidad de Intereses de Bienes Inmuebles
Kentucky Statutes
TITLE XXXIV DESCENT, WILLS AND ADMINISTRATION OF DECEDENTS' ESTATES
CHAPTER 394 WILLS
Right to disclaim succession.
(1) As used in this section, the "legal representative
of a living person" includings the person's conservator, limited conservator,
guardian, limited guardian, and attorney-in-fact.
(2) A living person, or the legal representative of a living person,
who is an heir, next of kin, devisee, legatee, joint tenant, person succeeding
to a desclaimed interest, beneficiary under a testamentary instrument,
or appointee under a power of appointment execised by a testamentary
instrument, may desclaim in whole or in part the right of succession to
any property or interest therein, including a future interest, by filing
a written disclaimer under KRS 394.610 to 394.670. The right to disclaim
shall survive the death of the person having it and may be exercised by
the personal representative of such person's estate without authorization
of the court having jurisdiction over the estate of the person. The instrument
shall;
(a) Describe the property or interest disclaimed;
(b) Declare the disclaimer and extent thereof; and
(c) Be signed by the disclaimant.
(3) No disclaimer by a living person's legal representative, except
for the person's attorney-in-fact, shall be made unless the court having
jurdiction of the estate of the disabled, incapacitated, or protected person
has authorized the disclaimer. No disclaimer by the person's attorney-in-fact
shall be made unless the instrument governing the attorney-in-fact authority
expressly authorizes a disclaimer.
Title XXXIV, Chap. 394, §394.610
Time and place of filing disclaimer.< p>
(1) An instrument disclaiming a present interest shall
be filed not later than nine (9) months after the death of the decedent
or the donee of the power.
(2) An instrument disclaiming a future interest shall be filed not
later than nine (9) months after the event that determines that the taker
of the property or interest is finally ascertained and his interest indefeasibly
vested.
(3) The disclaimer shall be filed in the district court of the county
in which proceedings have been commenced for the administration of the
estate of the deceased owner or deceased donee of the power or, if they
have not been commenced, in which they could be commenced. A copy of the
disclaimer shall be delivered in person or mailed by registered or certified
mail to any personal representative, or other fiduciary of the decedent
or donee of the power. If real property or an interest therein is disclaimed,
a copy of the disclaimer may be recorded in the office of the county clerk
of the county in which the real estate is situated.
Title XXXIV, Chap. 394, §394.620.
Effect of disclaimer.
Unless the decedent or donee of the power has otherwise provided,
the property or interest disclaimed devolves as if the disclaimant had
predeceased the decedent or, if the disclaimant is designated to take under
a power of appointment exercised by a testamentary instrument, as if the
disclaimant had predeceased the donee of the power. A future interest that
takes effect in possession or enjoyment after the termination of the estate
or interest disclaimed takes effect as if the disclaimant had predeceased
the decedent or the donee of the power. A disclaimer relates back for all
purposes to the date of the death of the decedent or the donee of the power.
Title XXXIV, Chap. 394, §394.630.
Waiver and bar.
(1) The right to disclaim property or an interest therein
is barred by (a) an assignment, conveyance, encumbrance, pledge, or transfer
of the property or interest, or a contract therefor, (b) a written waiver
of the right to disclaim, (c) an acceptance of the property or interest
or benefit thereunder, or (d) a sale of the property or interest under
judicial sale made before the disclaimer is effected.
(2) The right to disclaim exists notwithstanding any limitation
on the interest of the disclaimant in the nature of a spendthrift provision
or similar restriction.
(3) The disclaimer or the written waiver of the right to disclaim
is binding upon the disclaimant or person waiving and all persons claiming
through or under him.
Title XXXIV, Chap. 394, §394.640.
Exclusiveness of remedy.
KRS 394.610 to 394.670 does not abridge the right of a person to
waive, release, disclaim, or renounce property or an interest therein under
any other statute.
Title XXXIV, Chap. 394, §394.650.
Application. [Repealed.]
Title XXXIV, Chap. 394, §394.660.
Uniformity of application and construction.
KRS 394.610 to 394.670 shall be applied and construed to effectuate
its general purpose to make uniform the law with respect to the subject
of KRS 394.610 to 394.670 among states enacting it. Title XXXIV, Chap.
394, §394.670.
