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Code of Federal Regulations Title 43. Public Lands:  Interior § 43.30.188 Does a renounced interest vest in the person who renounced it?

Current as of October 02, 2022 | Updated by FindLaw Staff

No. An interest in trust or restricted property renounced under § 30.181 is not considered to have vested in the renouncing heir or devisee, and the renunciation is not considered a transfer by gift of the property renounced.

(a) If the renunciation directs the interest to an eligible person or entity, the interest passes directly to that person or entity.

(b) If the renunciation does not direct the interest to an eligible person or entity, the renounced interest passes to the heirs of the decedent as if the person renouncing the interest had predeceased the decedent, or if there are no other heirs, to the residuary devisees.

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Cite this article: FindLaw.com - Code of Federal Regulations Title 43. Public Lands:  Interior § 43.30.188 Does a renounced interest vest in the person who renounced it? - last updated October 02, 2022 | https://codes.findlaw.com/cfr/title-43-public-lands-interior/cfr-sect-43-30-188/

Read this complete Code of Federal Regulations Title 43. Public Lands:  Interior § 43.30.188 Does a renounced interest vest in the person who renounced it? on Westlaw. Westlaw subscription required.

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