This form is to be used by the heir of the decedent in order to disclaim the right to receive property from the deceased.
Renunciation and Disclaimer of Right to Inheritance or to Inherit Property from Deceased - Specific Property
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Definitions of letter of renunciation a form sent with new shares that can be completed and returned as written notification that the person who has been allotted shares resulting from a rights issue refuses to accept them. The shares can then be sold or transferred to someone else.
An individual can step down without stating a reason prior to formal appointment by the court. This is known as renunciation and is a legal document providing the person named in the will is not going to act as executor.
Put the disclaimer in writing. Deliver the disclaimer to the person in control of the estate usually the executor or trustee. Complete the disclaimer within nine months of the death of the person leaving the property. Do not accept any benefit from the property you're disclaiming.
In the law of inheritance, wills and trusts, a disclaimer of interest (also called a renunciation) is an attempt by a person to renounce their legal right to benefit from an inheritance (either under a will or through intestacy) or through a trust.A disclaimer of interest is irrevocable.