Portsmouth City Disclaimer of Interest Forms (Virginia)

Form Package

Disclaimer of Interest

State

Virginia

Area

Portsmouth City

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$27.97

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Included Forms

All Portsmouth City specific forms and documents listed below are included in your immediate download package:

Included Supplemental Documents

The following Virginia and Portsmouth City supplemental forms are included as a courtesy with your order.

Frequently Asked Questions:

Areas Covered by These Disclaimer of Interest Forms:

• Portsmouth City

Including:

• Portsmouth

What is the Virginia Disclaimer of Interest

A beneficiary of an interest in property (real estate) in Virginia can renounce all or part of a bequeathed interest in, or power over, that property under Va. Code 64.2-2603(a), as long as it has not been accepted through actions that indicate ownership or transferred in any way (Va. Code 64.2-2611(b)). The written disclaimer must identify the creator of the interest, provide a description of the disclaimed interest, a declaration of the disclaimer and its extent, and it needs to be signed by the disclaiming party (Va. Code 64.2-2603(d)).

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 the court having jurisdiction to appoint such a person (Va. Code 64.2-2610(c)); other scenarios are outlined in the remaining sections of Va. Code 64.2-2610. In the case of real property, record the disclaimer with the clerk of the circuit court in the city or county where the property is located (Va. Code 64.2-26).

A disclaimer is irrevocable and binding for the disclaiming party and those claiming under him or her (Va. Code 64.2-2603(f)), so be sure to consult an attorney when in doubt about the drawbacks and benefits of disclaiming inherited property or if the disclaimed interest arises out of jointly-owned property.

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

Our Promise

The documents you receive here will meet, or exceed, the Portsmouth City 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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