Sec. 13.70.190. Definitions.
In this chapter, (1) “disclaimant” means the person to whom a disclaimed interest or power would have passed had the disclaimer not been made; (2) “disclaimed interest” means the interest that would have passed to the disclaimant had the disclaimer not been made; (3) “disclaimer” means the refusal to accept an interest in or power […]
Sec. 13.70.020. Supplemented by other law.
(a) Unless displaced by a provision of this chapter, the principles of law and equity supplement this chapter. (b) This chapter does not limit any right of a person to waive, release, disclaim, or renounce an interest in or power over property under a law other than this chapter.
Sec. 13.70.195. Short title.
This chapter may be cited as the Uniform Disclaimer of Property Interests Act.
Sec. 13.70.030. Power to disclaim; general requirements; when irrevocable.
(a) A person may disclaim, in whole or part, conditionally or unconditionally, any interest in or power over property, including a power of appointment. A person may disclaim the interest or power even if its creator imposed a spendthrift provision or similar restriction on transfer or a restriction, prohibition, or limitation on the right to […]
Sec. 13.70.040. Disclaimer of interest in property.
(a) Except for a disclaimer governed by AS 13.70.050 – 13.70.065, the following rules apply to a disclaimer of an interest in property: (1) the disclaimer takes effect as of the time the instrument creating the interest becomes irrevocable or, if the interest arose under the law of intestate succession, as of the time of […]
Sec. 13.70.050. Disclaimer of rights of survivorship in jointly held property.
(a) On the death of a holder of jointly held property, a surviving holder may disclaim, in whole or part, the greater of (1) a fractional share of the property determined by dividing the number one by the number of joint holders alive immediately before the death of the holder to whose death the disclaimer […]
Sec. 13.70.060. Disclaimer of interest in property held as a tenancy by the entirety.
(a) The survivorship interest in property that is held as a tenancy by the entirety and to which the survivor succeeds by operation of law on the death of the cotenant may be disclaimed as provided in this chapter. For the purposes of this chapter only, the deceased tenant’s interest in property held as a […]
Sec. 13.70.065. Disclaimer of interest by trustee.
If a trustee who has the power to disclaim under a court order or under the instrument creating the fiduciary relationship disclaims an interest in property that otherwise would have become trust property, the interest does not become trust property.