I want to renounce the inheritance. How do I do that in Indiana?
Full Question:
My father who had abandoned us 10 years ago passed away recently. Apparently, he left me some property. I want to renounce the inheritance. How do I do that in Indiana?
12/20/2016 |
Category: Wills and Es... ยป Disclaimer o... |
State: Indiana |
#28442
Answer:
“A person may disclaim, in whole or part, any interest in or power over property, including a power of appointment. A person may disclaim the interest or power even if the creator of the interest or power imposed:
(1) a spendthrift provision or similar restriction on transfer; or
(2) a restriction or limitation on the right to disclaim.”
§ 32-17.5-3-3 provides for the contents of a disclaimer made by a person. It reads:
“(a) As used in this section, "record" means information that is inscribed on a tangible medium or that is stored in an electronic or other medium and is retrievable in perceivable form.
(b) A disclaimer must:
(1) be in a writing or other record;
(2) state that it is a disclaimer;
(3) describe the interest or power disclaimed;
(4) be signed by the person making the disclaimer; and
(5) be delivered or filed in the manner provided in IC 32-17.5-7.”
