Florida Statutes 739.206 – Disclaimer by appointee, object, or taker in default of exercise of power of appointment
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Terms Used In Florida Statutes 739.206
- Disclaimer: means the refusal to accept an interest in or power over property. See Florida Statutes 739.102
(1) 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.
(2) 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.