§ 281 Beneficiary Disclaimer Irrevocability

This law says that once a disclaimer is in effect, it cannot be taken back and it applies to the person who gets the benefit and anyone else who might claim that benefit, even the person's creditors.

Key Takeaways

•A disclaimer, once active, cannot be undone.
•It binds the person who gets the benefit and anyone who might claim that benefit through them.
•Even the person's creditors are stuck by the disclaimer.

Example

Jane signs a disclaimer that says she won’t claim a piece of land left to her in a will. Later she tries to change her mind and ask for the land, and her bank tries to claim the land to cover a loan.

Because the disclaimer is irrevocable, Jane cannot get the land back, and the bank (as a creditor) also cannot claim it. The disclaimer stays forever and binds everyone involved.

This law says that once a disclaimer is in effect, it cannot be taken back and it applies to the person who gets the benefit and anyone else who might claim that benefit, even the person's creditors.

Key Takeaways

•A disclaimer, once active, cannot be undone.
•It binds the person who gets the benefit and anyone who might claim that benefit through them.
•Even the person's creditors are stuck by the disclaimer.

Example

Because the disclaimer is irrevocable, Jane cannot get the land back, and the bank (as a creditor) also cannot claim it. The disclaimer stays forever and binds everyone involved.

Key Takeaways

Example

Key Terms

References

§ 281 Beneficiary Disclaimer Irrevocability

Key Takeaways

Example

Key Terms

References

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References