A disclaimer deed is a deed in which a spouse disclaims any interest in the real property acquired by the other spouse. A mortgage company often asks a borrower to sign a disclaimer deed so that his spouse not having her name on the loan, cannot claim any interest in the property.
Massachusetts Disclaimer Deed
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Multi-State
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US-01994BG
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Article 2 (1780) It is the right as well as the duty of all men in society, publicly, and at stated seasons to worship the Supreme Being, the great Creator and Preserver of the universe.
You disclaim the assets within nine months of the death of the person you inherited them from. (There's an exception for minor beneficiaries; they have until nine months after they reach the age of majority to disclaim.) You receive no benefits from the proceeds of the assets you're disclaiming.
In Massachusetts, to legally disclaim an inheritance, the beneficiary must file a written disclaimer within nine months of the death of the person who left the inheritance. This disclaimer must be filed with the probate court and must meet certain legal requirements.
When a person files a disclaimer he can disclaim all or any portion of the inheritance. It is not an ?all or nothing? proposition. For example, if the estate was $500,000, the beneficiary could disclaim $100,000 so that amount would pass to his children. The beneficiary would retain the remaining $400,000.
In the world of estates and trusts, a disclaimer is a refusal to accept a gift or a bequest. It may sound strange to refuse a gift but a disclaimer is a useful tool for tax, asset protection and estate planning.
How to Disclaim an Inheritance Put the refusal in writing. ... That written refusal must be received by the executor/trustee and probate court within nine months of the person's passing (or for minors in Massachusetts, within 9 months from the date the recipient turns 18 years old).