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A disclaimer of interest is, essentially, a written statement to the probate court where someone who stands to inherit property or assets states that they do not wish to exercise that inheritance. They ?disclaim? any right to receive the interest that they otherwise would.
A beneficiary may also choose to disclaim only a percentage of the inherited assets. This is acceptable if the disclaimer meets certain requirements, in which case the asset will be treated as though it never were the property of the original beneficiary. Disclaiming Inherited Plan Assets - Investopedia investopedia.com ? articles ? retirement investopedia.com ? articles ? retirement
A qualified disclaimer allows an individual to refuse property from the estate of a decedent. When a disclaimer is used, the disclaimed property will pass to the next person eligible to receive it under the terms of the dece- dent's will, or if no one is listed, under the state intestacy laws.
In law, a disclaimer is a statement denying responsibility intended to prevent civil liability arising for particular acts or omissions. Disclaimers are frequently made to escape the effects of the torts of negligence and of occupiers' liability towards visitors. Disclaimer - Wikipedia wikipedia.org ? wiki ? Disclaimer wikipedia.org ? wiki ? Disclaimer