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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.
A deed of renunciation renounces your title as an executor of a will and frees you from the responsibility. With a deed of renunciation, also referred to as a disclaimer of interest you know longer have to perform the functions of the administration involved.
1 A form, often attached to an allotment letter, on which a person who has been allotted shares in a new issue renounces the rights to them, either absolutely or in favour of someone else (during the renunciation period).
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).
Except where circumstances justify a longer period, an executor or administrator shall have 1 year from the date of letters for settling the estate of the decedent; and until the expiration of that time, the executor or administrator shall not be required to make distribution, nor be chargeable with interest upon the ...
PA15 is a legal document commonly referred to as the Renunciation of Executor form. It is used when someone wishes to give up the responsibility of being an executor stated on a testator's will or codicil, whether as a sole executor and/or residuary legatee and devisee in trust.
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.