Bakersfield California Disclaimer by Beneficiary of Trust

State:
Multi-State
City:
Bakersfield
Control #:
US-0692BG
Format:
Word; 
Rich Text
Instant download

Description

In the law of inheritance, wills and trusts, a person can renounce the legal right to benefit from an inheritance either under a will or through intestacy or a trust. Such an attempt is termed as disclaimer of interest. A disclaimer can be made by a legal guardian for ward's best interest on behalf of a person who lacks the capacity to make the disclaimer themselves. The disclaimer must be in writing and submitted to the court along with an affidavit within a legally specified time period. In the affidavit, it will be sworn that s/he has not received any compensation for the disclaimer. The disclaimer will occur before the disclaiming party has enjoyed any benefits of the trust or inheritance. A disclaimer of interest is complete and irrevocable.

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FAQ

Industries in and around Bakersfield include natural gas and other energy extraction, mining, petroleum refining, distribution, food processing, and corporate regional offices. The city is the birthplace of the country music genre known as the Bakersfield sound.

Dubbed ?Nashville West,? Bakersfield is renowned for its contributions to country music and is the home of many recording artists, including Merle Haggard and Buck Owens. Educational institutions include Bakersfield (community) College (founded 1913) and California State University, Bakersfield (1965).

Living in Bakersfield offers residents a dense suburban feel and most residents own their homes. In Bakersfield there are a lot of parks. Many families and young professionals live in Bakersfield and residents tend to have moderate political views. The public schools in Bakersfield are above average.

In 2021, there were 1.13 times more White (Non-Hispanic) residents (122k people) in Bakersfield, CA than any other race or ethnicity. There were 108k White (Hispanic) and 55.6k Other (Hispanic) residents, the second and third most common ethnic groups. 52% of the people in Bakersfield, CA are hispanic (207k people).

Bakersfield, California's cost of living is 10% higher than the national average.

Bakersfield was first established in 1859. It was originally known as Kern County. The original name of the town was Wheat Fields, and it was later changed to Bakersfield in 1863 named after Thomas Baker who settled on the banks of the Kern river due to the California gold rush.

Industries in and around Bakersfield include natural gas and other energy extraction, mining, petroleum refining, distribution, food processing, and corporate regional offices. The city is the birthplace of the country music genre known as the Bakersfield sound.

With a population of around 405,000, Bakersfield saw a violent crime rate of 498 per 100,000 in 2022, which is 27% higher than the national average, ing to the study. In 2022, there were over 15,500 incidents of property crime in Bakersfield, PropertClub says.

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Bakersfield California Disclaimer by Beneficiary of Trust