If a person wants to renounce money that was left to them in a Will, is there a legal form that they will need to sign in order to make this official?

Get Legal Help Today

 Secured with SHA-256 Encryption

If a person wants to renounce money that was left to them in a Will, is there a legal form that they will need to sign in order to make this official?

I assume this form will have to be filed with the court. Is a signed and witnessed statement sufficient?

Asked on January 1, 2015 under Estate Planning, Virginia

Answers:

M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney

Answered 6 years ago | Contributor

I am so sorry for your loss.  Virginia has a law that was adopted in 2003 regarding disclaimers and you should speak with the attorney for the estate as to what is required.  It should be done within 9 months of the date of death (although the Virginia Law does not necessarily give a time frame; that is a Federal Tax time frame).  I am going to give you a link to read up some on the issue but it can be confusing.  Good luck.

http://www.vsb.org/docs/valawyermagazine/apr04turner.pdf


IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.

Get Legal Help Today

Find the right lawyer for your legal issue.

 Secured with SHA-256 Encryption