An act relating to the Uniform Disclaimer of Property Interests Act

Summary

The new law creates a statewide system that lets individuals, fiduciaries and parents formally decline ownership or control of any property interest, even if it comes from a will, trust, or intestate succession. It requires a written, signed declaration that is filed in a specific way, and the disclaimer becomes permanent once filed. The act is intended to simplify estate administration and protect the right to reject property.

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