Maryland Code, Estates and Trusts § 9-202

(a)(1) A person may disclaim in whole or in part any interest in or power over property, including a power of appointment.

(2) A person may disclaim the interest or power even if the creator imposed a spendthrift provision or similar restriction on transfer or a restriction or limitation on the right to disclaim.

(b)(1) Except to the extent that a fiduciary's right to disclaim is expressly restricted or limited by another statute of the State or by the instrument creating the fiduciary relationship, a fiduciary may disclaim in whole or in part any interest in or power over property, including a power of appointment, whether acting in a personal or representative capacity.

(2) A fiduciary may disclaim the interest or power even if the creator imposed a spendthrift provision or similar restriction on transfer or a restriction or limitation on the right to disclaim, or an instrument other than the instrument that created the fiduciary relationship imposed a restriction or limitation on the right to disclaim.

(1) Be in writing or other record;

(2) Declare the disclaimer;

(3) Describe the interest or power disclaimed;

(4) Be signed by the person making the disclaimer; and

(5) Be delivered or filed in the manner provided in § 9-209 of this subtitle.

(f)(1) A disclaimer made under this subtitle is not a transfer, assignment, or release.

(2) Creditors of the disclaimant have no interest in the property disclaimed.