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What happens after Renunciation?

Once you have signed a Deed of Renunciation, you cannot change your mind. The responsibility for administering the Estate will legally fall to the other Executor(s) named in the Will. If no other Executors were appointed, the Probate Court will appoint a replacement, which is usually the main Beneficiary of the Estate.

Can a primary beneficiary disclaim an inheritance?

The beneficiary must provide an irrevocable and unqualified (unconditional) refusal to accept the assets. The refusal must be in writing. The assets must pass to the successor beneficiary without any direction on the part of the person making the disclaimer.

How do I disclaim an inheritance in PA?

The main requirements for a disclaimer is that it be in writing, describe what specific interests are being disclaimed, and be signed. The disclaimer must then be filed in the Orphans Court of the county where the deceased passed away. (You can read the entire law at 62 P.A. C.S. 6201).

What is the process to disclaim an inheritance?

This disclaimer should be signed, docHubd, and filed with the probate court and/or the executor of the last will and testament in a timely manner. The IRS time frame is within nine months of the death of the decedentor if the disclaiming beneficiary is a minor, after they docHub age 21.

How do I disclaim an inheritance in Pennsylvania?

Generally, the Pennsylvania Estate and Trust Law Requirements for a Disclaimer include the following: A written document; Containing language disclaiming an interest in (or power over) property; Adequately describing the property interest at issue and the portion being disclaimed; Signed by the disclaimant;

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