This form is a Renunciation and Disclaimer of Property acquired by the last will and testament of the decedent where the beneficiary gained an interest in the property upon the death of the decedent, but, pursuant to the Pennsylvania Statutes, Title 20, Chapter 62, has decided to disclaim a portion of or the entire interest in the described property. The property will now devolve to others as though the beneficiary predeceased the decedent. The form also contains a state specific acknowledgment and a certificate to verify delivery of the document.
Renunciation Will Form For Married Couple
State:
Pennsylvania
Control #:
PA-06-03
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Pennsylvania Renunciation And Disclaimer Of Property From Will By Testate?
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FAQ
Renunciation of inheritance means that an heir renounces his/her right to inherit any of legacy when the heir does not want to inherit the legacy of the ancestor (a deceased person).
In order to disclaim an inheritance, you will need to write a Disclaimer, which states that you are disclaiming your inheritance in writing. Within your Disclaimer, you will need to explain what is being disclaimed, whether it is only part of your inheritance or all of it, as well as sign the document to make it legal.
A Deed of Renunciation is a legal document that you sign when you don't want to or are unable to act as the Administrator of an Estate. If you've been named as an Executor in a Will and you don't think you can do what's required, you may need a Deed of Renunciation to remove you from your duties.
You disclaim the assets within nine months of the death of the person you inherited them from. (There's an exception for minor beneficiaries; they have until nine months after they reach the age of majority to disclaim.) You receive no benefits from the proceeds of the assets you're disclaiming.
If you resign from your role as Executor, generally, another Executor will be appointed. If more than one Executor is named in the deceased's Will or a backup Executor, then the responsibility will fall to them. Alternatively, if you have been named as a sole Executor, a suitable replacement will need to be found.