Traverse County Disclaimer of Interest Forms (Minnesota)

Form Package

Disclaimer of Interest

State

Minnesota

Area

Traverse County

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$27.97

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Included Forms

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

Included Supplemental Documents

The following Minnesota and Traverse County supplemental forms are included as a courtesy with your order.

Frequently Asked Questions:

Areas Covered by These Disclaimer of Interest Forms:

• Traverse County

Including:

• Browns Valley
• Dumont
• Tintah
• Wheaton

What is the Minnesota Disclaimer of Interest

Under the Minnesota statutes, the beneficiary of an interest in property may renounce the gift, either in part or in full (Minn. Stat. 524.2-1101 to 524.2-1116 Uniform Disclaimer of Property Interests Act). 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.

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 (Minn. Stat. 524.2-1107 (c)).

Deliver the disclaimer within nine months of the transfer (e.g., the death of the creator of the interest) to the personal representative of the decedent's estate, or file it with the clerk of the court in any county where administration of estate might proceed (524.2-1114 (b)). In the case of real property, record a copy of the disclaimer in the office of the county recorder or the registrar of titles in the county or counties where the real estate is located (524.2-1115).

A disclaimer is irrevocable and binding for the disclaiming party and his or her creditors, 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.

(Minnesota DOI Package includes form, guidelines, and completed example)

Our Promise

The documents you receive here will meet, or exceed, the Traverse 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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