Monroe County Disclaimer of Interest Forms (Alabama)

Form Package

Disclaimer of Interest

State

Alabama

Area

Monroe County

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$27.97

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Included Forms

All Monroe County specific forms and documents listed below are included in your immediate download package:

Included Supplemental Documents

The following Alabama and Monroe County supplemental forms are included as a courtesy with your order.

Frequently Asked Questions:

Areas Covered by These Disclaimer of Interest Forms:

• Monroe County

Including:

• Beatrice
• Excel
• Franklin
• Frisco City
• Goodway
• Megargel
• Mexia
• Monroeville
• Perdue Hill
• Peterman
• Uriah
• Vredenburgh

What is the Alabama Disclaimer of Interest

As part of the Alabama Code, the beneficiary of an interest in property may renounce the gift, either in part or in full (Ala. Code 43-8-290 to 43-8-298). Note that the option to disclaim is only available to beneficiaries who have not acted in any way to indicate acceptance or ownership of the interest ( 43-8-295).

The disclaimer must be in writing and include a description of the interest, a declaration of intent to disclaim all or a defined portion of the interest, and be signed by the disclaimant ( 43-8-293).

File the disclaimer within nine months of the transfer (e.g., the death of the creator of the interest) with the probate court of the county that has jurisdiction over proceedings regarding the estate of the deceased donor. In addition, deliver a copy of the disclaimer in person or send it by registered mail to any personal representative or other fiduciary of the decedent's estate ( 43-8-292(a)). If the transfer was enacted by an instrument other than a will, deliver a copy of the disclaimer to the trustee or the person who has legal title to or possession of the property ( 43-8-292(b)). If real property is involved, record a copy of the disclaimer in the office of the probate judge of the county in which the property or interest disclaimed is located ( 43-8-292(d)).

A disclaimer is irrevocable and binding for the disclaiming party and his or her creditors ( 43-8-294), so be sure to consult an attorney when in doubt about the drawbacks and benefits of disclaiming inherited property. If the disclaimed interest arises out of jointly-owned property, seek legal advice as well.

(Alabama Disclaimer of Interest Package includes form, guidelines, and completed example)

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The documents you receive here will meet, or exceed, the Monroe County recording requirements for formatting. If there's an issue caused by our formatting, we'll make it right and refund your payment.

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