(a) Upon 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 relates; or
(2) all of the property except that part of the value of the entire interest attributable to the contribution furnished by the disclaimant.
(b) A disclaimer under subsection (a) takes effect as of the death of the holder of jointly held property to whose death the disclaimer relates.
(c) An interest in jointly held property disclaimed by a surviving holder of the property passes as if the disclaimant predeceased the holder to whose death the disclaimer relates.
Section: Previous 28-2-202 28-2-203 28-2-204 28-2-205 28-2-206 28-2-207 28-2-208 28-2-209 28-2-210 28-2-211 28-2-212 28-2-213 28-2-214 28-2-215 NextLast modified: November 15, 2016