Uniform Disclaimer of Property Interests Law and Legal Definition
Some states have a uniform disclaimer of property interests law, which vary by state, but in general allow a person to relinquish property acquired upon the death of another. Such laws generally provide that:
A person, or the representative of a deceased, incapacitated person, protected person, incompetent or ward, who is an heir, next of kin, devisee, legatee, grantee, donee, surviving joint tenant, person succeeding to a disclaimed interest, beneficiary under a testamentary or nontestamentary instrument or contract, or appointee under a power of appointment exercised by a testamentary or nontestamentary instrument, or to whom any property or interest therein devolves, by whatever means, may disclaim in whole or in part the right of succession to any property or interest therein by delivering or filing a written disclaimer.
A surviving joint tenant may disclaim as a separate interest any property or interest therein devolving to him by right of survivorship. A surviving joint tenant may disclaim the entire interest in any property or interest therein that is the subject of a joint tenancy devolving to him, if the joint tenancy was created by act of a deceased joint tenant, if the survivor did not join in creating the joint tenancy.
The right to disclaim exists notwithstanding any limitation on the interest of the disclaimant in the nature of a spendthrift provision or similar restriction.
Legal Definition list
- Uniform Determination of Death Act
- Uniform Declaratory Judgments Act
- Uniform Deceptive Practices Act
- Uniform Custodial Trust Act
- Uniform Crime Reports (UCR)
- Uniform Disclaimer of Property Interests
- Uniform Disclaimer of Property Interests Act
- Uniform Disposition of Community Property Rights at Death Act
- Uniform Division of Income for Tax Purposes Act
- Uniform Division of Income for Tax Purposes Act
- Uniform Divorce Recognition Act
