Code of Virginia - Title 64.1 Wills And Decedents' Estates - Section 64.1-196.9 Disclaimer by appointee, object, or taker in default of exercise of power of appointment

§ 64.1-196.9. Disclaimer by appointee, object, or taker in default of exercise of power of appointment

A. A disclaimer of an interest in property by an appointee of a power of appointment takes effect as of the time the instrument by which the holder exercises the power becomes irrevocable.

B. A disclaimer of an interest in property by an object or taker in default of an exercise of a power of appointment takes effect as of the time the instrument creating the power becomes irrevocable.

(2003, c. 253.)

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Last modified: April 3, 2009