Property Ownership
Mississippi's 'Uniform Disclaimer of Property Interests Act' allows a beneficiary to:
AClaim ownership of abandoned property
BRefuse to accept an inheritance or gift of property, which then passes as if the disclaimant predeceased the donor✓ Correct
CDisclaim liability for property taxes
DCancel a deed of trust
Explanation
A disclaimer allows a beneficiary to refuse an inherited or gifted property interest. When properly executed, the disclaimed interest passes as if the disclaimant had died before the donor. Disclaimers are used in estate planning to redirect assets to the next beneficiary (often for tax reasons or to avoid accepting a property with liabilities).
Related Mississippi Property Ownership Questions
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