This form is a Renunciation and Disclaimer of Property acquired by the beneficiary through the last will and testament of the decedent. The beneficiary has chosen to disclaim a portion of or the entire interest he/she has in the property. The beneficiary attests that the disclaimer will be filed no later than nine months after the death of the decedent. The form also contains a state specific acknowledgment and a certificate to verify delivery.
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Georgia Renunciation And Disclaimer of Property from Will by Testate
Disclaimer Form Statement For Divorce
State:
Georgia
Control #:
GA-01-03
Format:
Word;
Rich Text
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Disclaimer Property Document Interesting Questions
A disclaimer form statement for divorce in Georgia is a legal document that states a person's intention to disclaim any interest in the assets or property that may be involved in a divorce.
If you do not want to claim ownership or rights over certain assets or property during a divorce in Georgia, you can use a disclaimer form statement to formally state your decision.
Without a disclaimer form statement, it may be assumed that you have an interest in the assets or property being divided in the divorce. This could lead to potential legal complications or disputes.
Yes, a properly executed disclaimer form statement is legally binding in Georgia. It serves as evidence of your intention to disclaim any interest in the specified assets or property.
Generally, you can use a disclaimer form statement for any assets or property involved in a divorce. However, it is recommended to consult with a lawyer to ensure its applicability to your specific situation.
To fill out a disclaimer form statement, you need to provide your personal information, describe the assets or property you wish to disclaim, and sign the document in the presence of a notary public.
In most cases, you cannot modify a disclaimer form statement after it has been executed. It is crucial to carefully review and consider the document before signing to avoid any future complications.
While it is not mandatory to have a lawyer draft a disclaimer form statement, seeking legal advice is highly recommended. An experienced lawyer can guide you through the process, ensure the document's validity, and address any concerns you may have.
Even if both parties have reached an agreement on asset division without disputes, using a disclaimer form statement can provide an extra layer of protection and clarity. It helps avoid any uncertainties or future conflicts.
You can consult with a family law attorney in Georgia to obtain a professionally drafted disclaimer form statement. Additionally, online legal service providers and court websites might offer templates that can be customized to fit your specific needs.
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Law summary
Georgia Renunciation And Disclaimer of Property from Will by Testate
TITLE 53 WILLS, TRUSTS, AND ADMINISTRATION OF ESTATES
CHAPTER 1 GENERAL PROVISIONS
ARTICLE 3 RENUNCIATION
Renouncing succession.
(a) For purposes of this Code section, the term "property" includes any interest in property and any power over or right with respect to the property.
(b) Any person to whom an interest in property is transferred or who succeeds to property by contract or by operation of law may renounce the property in whole or in part as provided in this Code section. A person may renounce even if a spendthrift or similar restriction applies to the property renounced. Persons who may renounce include fiduciaries acting on behalf of an individual, such as personal representatives, trustees, conservators, or guardians, as well as duly authorized attorneys in fact, whether acting on behalf of an individual or fiduciary.
(c) A renunciation must be made by a written instrument that describes the renounced property, declares the renunciation and the extent of it, and is signed by the person making the renunciation.
(d) The written instrument must be received by the transferor of the property, the transferor's legal representative, or other holder of title to the property not later than the date which is nine months after the later of:
(1) The date of the transfer; or
(2) The day on which the person making the renunciation reaches the age of 21.
The instrument may also be filed in the probate court of the county in which proceedings concerning the transferor's estate are pending or in which they could be commenced and, in the case of real property, in the real property records of the county in which the real property is located. An instrument so filed in the probate court shall be conclusively presumed to have been received by the personal representative of the transferor's estate not later than the date of such filing, but earlier receipt may be shown.
(e) A person who has accepted property or any of its benefits may not renounce the property.
(f)
(1) Except as otherwise provided by the will or other governing
instrument, a renunciation shall cause the renounced property to pass as
if the person renouncing had predeceased the decedent or, in the case of
property passing upon exercise of a power of appointment, as if the person
renouncing had predeceased the holder of the power; provided, however,
that, solely for the purposes of the last clause of paragraph (5) and the
last clause of paragraph (7) of subsection (b) of Code Section 53-2-1,
any individual renouncing who is the only sibling or the only aunt or uncle
surviving the decedent shall not be deemed to have predeceased the decedent.
(2) Renounced property that is the subject of an attempted outright gift shall be treated as an incomplete gift.
(3) A renounced power over property shall be treated as if such power had not been created with respect to the person renouncing such power.
(4) The expression in a renunciation of an intent or desire that the property pass to certain persons shall be considered merely precatory and shall have no legal effect unless specifically declared to be a condition of the renunciation. (g) In every case a renunciation relates back for all purposes to the applicable date among the following:
(1) The date of death of the decedent;
(2) The date of the death of the holder of the power of appointment;
(3) The date the gift was attempted; or
(4) The date the power was created.
(h) This Code section does not abridge the right of any person to transfer or renounce any property under any other statute or common law. Any renunciation that is otherwise valid but fails to meet the requirements of subsections (c) and (d) of this Code section shall operate as a transfer of the property to those persons who would have received it had the renunciation met those requirements.
(i) Nothing in this Code section alters the duties of any fiduciary to act in the best interests of the person the fiduciary represents. This subsection shall not, however, limit the power granted by this code section to a fiduciary to renounce property. Title 53, Chap. 1, Art. 3, §53-1-20. (Revised Probate Code of 1998)
Legal definition
Georgia Renunciation And Disclaimer of Property from Will by Testate
TITLE 53 WILLS, TRUSTS, AND ADMINISTRATION OF ESTATES
CHAPTER 1 GENERAL PROVISIONS
ARTICLE 3 RENUNCIATION
Renouncing succession.
(a) For purposes of this Code section, the term "property" includes any interest in property and any power over or right with respect to the property.
(b) Any person to whom an interest in property is transferred or who succeeds to property by contract or by operation of law may renounce the property in whole or in part as provided in this Code section. A person may renounce even if a spendthrift or similar restriction applies to the property renounced. Persons who may renounce include fiduciaries acting on behalf of an individual, such as personal representatives, trustees, conservators, or guardians, as well as duly authorized attorneys in fact, whether acting on behalf of an individual or fiduciary.
(c) A renunciation must be made by a written instrument that describes the renounced property, declares the renunciation and the extent of it, and is signed by the person making the renunciation.
(d) The written instrument must be received by the transferor of the property, the transferor's legal representative, or other holder of title to the property not later than the date which is nine months after the later of:
(1) The date of the transfer; or
(2) The day on which the person making the renunciation reaches the age of 21.
The instrument may also be filed in the probate court of the county in which proceedings concerning the transferor's estate are pending or in which they could be commenced and, in the case of real property, in the real property records of the county in which the real property is located. An instrument so filed in the probate court shall be conclusively presumed to have been received by the personal representative of the transferor's estate not later than the date of such filing, but earlier receipt may be shown.
(e) A person who has accepted property or any of its benefits may not renounce the property.
(f)
(1) Except as otherwise provided by the will or other governing
instrument, a renunciation shall cause the renounced property to pass as
if the person renouncing had predeceased the decedent or, in the case of
property passing upon exercise of a power of appointment, as if the person
renouncing had predeceased the holder of the power; provided, however,
that, solely for the purposes of the last clause of paragraph (5) and the
last clause of paragraph (7) of subsection (b) of Code Section 53-2-1,
any individual renouncing who is the only sibling or the only aunt or uncle
surviving the decedent shall not be deemed to have predeceased the decedent.
(2) Renounced property that is the subject of an attempted outright gift shall be treated as an incomplete gift.
(3) A renounced power over property shall be treated as if such power had not been created with respect to the person renouncing such power.
(4) The expression in a renunciation of an intent or desire that the property pass to certain persons shall be considered merely precatory and shall have no legal effect unless specifically declared to be a condition of the renunciation. (g) In every case a renunciation relates back for all purposes to the applicable date among the following:
(1) The date of death of the decedent;
(2) The date of the death of the holder of the power of appointment;
(3) The date the gift was attempted; or
(4) The date the power was created.
(h) This Code section does not abridge the right of any person to transfer or renounce any property under any other statute or common law. Any renunciation that is otherwise valid but fails to meet the requirements of subsections (c) and (d) of this Code section shall operate as a transfer of the property to those persons who would have received it had the renunciation met those requirements.
(i) Nothing in this Code section alters the duties of any fiduciary to act in the best interests of the person the fiduciary represents. This subsection shall not, however, limit the power granted by this code section to a fiduciary to renounce property. Title 53, Chap. 1, Art. 3, §53-1-20. (Revised Probate Code of 1998)
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