Believe it or not, sometimes a beneficiary may refuse their inheritance. This is called a disclaimer of inheritance, and it’s a legal act where someone formally declines to receive assets left to them.
People may do this for tax reasons, personal beliefs, or because accepting the gift would disqualify them from certain government benefits. Others may decline if the inheritance includes property that’s costly to maintain or tied to debt.
When a beneficiary disclaims, their share usually passes to the next person in line per the will or state law. However, this process must be done properly and within certain time limits to be valid.
If you’re next in line to receive a disclaimed inheritance, the legal paperwork could take months. At Approved Inheritance Cash, we help heirs in unique situations—like these—access probate advances even when the inheritance is still in flux.