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?

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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 9 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


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