Probate law
I wish to decline a monetary bequest, I have been mailed a release letter by the estate's lawyer.
What must I do to decline the bequest?
Re: Probate law
I agree with Michael, but have some questions. Why do you want to give this up? Is there someone else you would like what you could get to go to? I ask this question, as if you give up your rights, but have a preference to whom your bequest should go, giving up the right might not accomplish what you want. Keep in mind that an inheritance is not generally "taxable income", so if you have some preference, it might be better to accept the bequest and gift the proceeds to whom you would like it to go. This is a response to an Internet question and the reply is not intended to be legal advice or as creating an attorney-client relationship.
Re: Probate law
I agree with Michael, but have some questions. Why do you want to give this up? Is there someone else you would like what you could get to go to? I ask this question, as if you give up your rights, but have a preference to whom your bequest should go, giving up the right might not accomplish what you want. Keep in mind that an inheritance is not generally "taxable income", so if you have some preference, it might be better to accept the bequest and gift the proceeds to whom you would like it to go. This is a response to an Internet question and the reply is not intended to be legal advice or as creating an attorney-client relationship.
Re: Probate law
I agree with Michael, but have some questions. Why do you want to give this up? Is there someone else you would like what you could get to go to? I ask this question, as if you give up your rights, but have a preference to whom your bequest should go, giving up the right might not accomplish what you want. Keep in mind that an inheritance is not generally "taxable income", so if you have some preference, it might be better to accept the bequest and gift the proceeds to whom you would like it to go. This is a response to an Internet question and the reply is not intended to be legal advice or as creating an attorney-client relationship.
