New York Renunciation of Successor Letters Testamentary And Waiver of Process (Corporation) (P-16) is a document typically used by a named executor of a will to renounce their appointment. It is also used by a successor to the executor to waive their right to process the will. This document is also known as a “renunciatioexecutoroshipsip” or “waiver of process”. This document can be used by a corporation when the executor has resigned or is otherwise unable to serve as executor. The document includes the name of the entity, the name of the executor, the name of the successor, and a statement that renounces the executor's rights and waives the right to process the will. There are two types of New York Renunciation of Successor Letters Testamentary And Waiver of Process (Corporation) (P-16): a standard renunciation form and a form for a corporate entity. The standard renunciation form is used when the executor is an individual and the corporate entity form is used when the executor is a corporation.