2025 Session
Last amended: 2009 session
§ 524.2-1110 — Disclaimer of Interest by Trustee
Plain-Language Summary
A trustee may disclaim a property interest on behalf of the trust, following specific procedures.
524.2-1110 DISCLAIMER OF INTEREST BY TRUSTEE.
If a trustee having the power to disclaim under the instrument creating the fiduciary relationship or pursuant to court order disclaims an interest in property that otherwise would have become trust property, the interest does not become trust property.
History:
History: History:
2009 c 67 s 10
Practical Notes
A trustee can refuse property that someone tries to give to or leave to the trust, if accepting it would not be in the best interests of the trust beneficiaries.