Can A Person Legally Refuse To Accept An Inheritance?
Can a person legally refuse to accept an inheritance?
Many people are surprised to learn that they can legally refuse the inheritance they've been left by their parents.
The rules of inheritance in your state govern whether you can turn down money or property bestowed on you by a loved one's will. In most states, you can disclaim any part of the inheritance that you don't want if you don't accept it within 9 months of being notified of your share. Though in a few states, like New York and Tennessee, there are time limits that are as short as 6 months.
In addition to time limits, many states have other requirements for disclaiming an inheritance: -Written disclaimer You must sign a document stating your intention to refuse the inheritance. This document must be signed in front of the executor of the will (the person who is responsible for distributing the inheritance) or an attorney. -Signed refusal letter If you don't want to sign a separate document, you can write a letter and send it to the executor. The letter should state your intentions clearly, with no room for misinterpretation (for example, saying "I decline the inheritance" instead of "I accept the inheritance"). -Witness required The written refusal should be witnessed by two people who aren't beneficiaries under the will.
If you have any questions or need a Inheritance Lawyer, please call this law firm for a free consultation.
Ascent Law LLC
8833 S Redwood Road Suite C
West Jordan UT 84088
(801) 676-5506
