Maine Renunciation and Disclaimer of Joint Tenant or Tenancy Interest
Maine Statutes
PART 10. UNIFORM INTERNATIONAL WILLS ACT
Article II: Intestate Succession and Wills
PART 8: GENERAL PROVISIONS
Renunciation of property interests
(a) A person, or a person with legal authority to represent
an incapacitated or protected person or the estate of a deceased person,
to whom an interest in or with respect to property or an interest therein
or a power of appointment over such property devolves by whatever means
may renounce it in whole or in part by delivering a written renunciation
under this section. The right to renounce exists notwithstanding any limitation
on the interest of the person renouncing in the nature of a spendthrift
provision of similar restriction. [1979, c. 540, §1 (new).]
(b) A renunciation under this section must be an irrevocable and
unqualified refusal by a person to accept an interest in property, and
must comply with the following requirements:
(1) If the property, interest or power has devolved to
the person renouncing under a testamentary instrument or by the laws of
intestacy, the renunciation must be received by the personal representative,
or other fiduciary, of the decedent or deceased donee of a power of appointment,
or by the holder of the legal title to the property to which the interest
relates, (i) in the case of a present interest, not later than 9 months
after the death of the deceased owner or deceased donee of the power, or
(ii) in the case of a future interest, not later than 9 months after the
event determining that the taker of the property, interest or power has
become finally ascertained and his interest is indefeasibly vested. A copy
of the renunciation may be filed in the Registry of Probate of the court
in which proceedings for the administration of the deceased owner or deceased
donee of the power have been commenced, or if no administration has been
commenced, in the court where such proceedings could be commenced.
[1979, c. 540, § 1 (new).]
(2) If the property, interest or power has devolved to the person
renouncing under a nontestamentary instrument or contract, the renunciation
must be received by the transferor, his legal representative, or the holder
of the legal title to the property to which the interest relates (i) in
the case of a present interest, not later than 9 months after the effective
date of the nontestamentary instrument or contract, or (ii) in the case
of a future interest, not later than 9 months after the event determining
that the taker of the property, interest or power has become finally ascertained
and his interest is indefeasibly vested. If the person entitled to renounce
does not have actual knowledge of the existence of his interest, the time
limits for receipt of the renunciation shall be extended to not later than
9 months after he has knowledge of the existence of his interest. The effective
date of a revocable instrument or contract is the date on which the maker
no longer has power to revoke it or to transfer to himself or another the
entire legal and equitable ownership of the interest. [1979, c. 540, §
1 (new).]
(c) A surviving joint tenant may renounce as a separate interest any
property or interest therein devolving to him by right of survivorship.
A surviving joint tenant may renounce the entire interest in any property
or interest therein that is the subject of a joint tenancy devolving to
him, if the joint tenancy was created by act of a deceased joint tenant
and the survivor did not join in creating the joint tenancy. [1979, c.
540, § 1 (new).]
(d) If real property or an interest therein or a power thereover
is renounced, a copy of the renunciation may be recorded in the Registry
of Deeds of the county in which the property is located, and the recording
or lack of recording shall have the same effect for purposes of the recording
act as the recording or lack of recording of other instruments under Title
33, section 201. [1979, c. 540, § 1 (new).]
(e) A renunciation under this section shall describe the property,
interest or power renounced, declare the renunciation and extent thereof,
be signed by the person renouncing, and if within the provisions of subsection
(b), paragraph (2), declare the date the person renouncing first had actual
knowledge of the existence of his interest whenever that date is material
under subsection (b), paragraph (2). [1979, c. 540, § 1 (new).]
(f) The devolution of any property or interest renounced under this
section is governed by the following provisions of this subsection:
(1) If the property or interest devolved to the person
renouncing under a testamentary instrument or under the laws of intestacy
and the deceased owner or donee of a power of appointment has not provided
for another disposition, it devolves as if the person renouncing had predeceased
the decedent or, if the person renouncing was designated to take under
a power of appointment exercised by a testamentary instrument, it devolves
as if the person renouncing had predeceased the donee of the power. Any
future interest that takes effect in possession or enjoyment after the
termination of the estate or interest renounced, takes effect as if the
person renouncing had died before the event determining that the taker
of the property or interest had become finally ascertained and his interest
is indefeasibly vested. A renunciation relates back for all purposes to
the date of death of the decedent, or of the donee of the power, or the
determinative event, as the case may be. [1979, c. 540, § 1 (new).]
(2) If the property or interest devolved to the person renouncing
under a nontestamentary instrument or contract and the instrument or contract
does not provide for another disposition, it devolves as if the person
renouncing had died before the effective date of the instrument or contract.
Any future interest that takes effect in possession or enjoyment at or
after the termination of the renounced estate or interest, takes effect
as if the person renouncing had died before the event determining the taker
of the property or interest had become finally ascertained and his interest
indefeasibly vested. A renunciation relates back for all purposes to the
effective date of the instrument or the date of the determinative event,
as the case may be. [1979, c. 540, § 1 (new).]
(3) The renunciation or the written waiver of the right to disclaim
is binding upon the person renouncing or waiving and upon all persons claiming
through or under him. [1979, c. 540, § 1 (new).]
(g) The right to renounce property or an interest therein or a power
of appointment is barred by (1) an assignment, conveyance, encumbrance,
pledge or transfer of the property or interest, or a contract therefor,
(2) a written waiver of the right to renounce, (3) an acceptance of the
property or interest or a benefit thereunder, or (4) a sale of the property
or interest under judicial sale made before the renunciation is effected.
[1979, c. 540, § 1 (new).]
(h) This section does not abridge the right of a person to waive,
release, disclaim or renounce property or an interest therein or a power
of appointment under any other statute. [1979, c. 540, § 1 (new).]
(i) An interest in property that exists on the effective date of
this section as to which the time for renouncing has not expired under
this section, may be renounced by compliance with this section. [1979,
c. 540, § 1 (new).]
(j) Any renunciation which is effective as a "qualified disclaimer"
under section 2518(b) of the Internal Revenue Code is effective as a renunciation
under this section, notwithstanding any provisions of this section to the
contrary. [1979, c. 540, § 1 (new).
Part 10, Art. II, § 2-801.
