Maine Disclaimer of Property Interest
Disclaimer of Property Interest for Real Estate Located in Maine
Under the Maine Statutes, the beneficiary of an interest in property may renounce the gift, either in part or in full (2-905). Note that the option to do so is only available to beneficiaries who have not acted in any way to indicate acceptance or ownership of the interest (2-913(A)).
The renunciation must be in writing and include a description of the interest, a declaration of intent to renounce all or a defined portion of the interest, and be signed by the renouncing party ( 2-905(3)).
A disclaimer becomes irrevocable when it is delivered or filed pursuant to section 2-912 or when it becomes effective as provided in sections 2-906 to 2-911, whichever occurs later.
2-908. Disclaimer of interest by trustee
If a trustee disclaims an interest in property that otherwise would have become trust property, the interest does not become trust property.
2-916. Application to existing relationships
Except as otherwise provided in section 2-913, an interest in or power over property existing on September 1, 2019 as to which the time for delivering or filing a disclaimer under law superseded by this Part has not expired may be disclaimed after September 1, 2019.