Virginia Decodedhttps://vacode.org37611964.2-2608Disclaimer by appointee, object, or taker in default of exercise of power of appointment2026Wills, Trusts, and FiduciariesProvisions Applicable to Probate and Nonprobate TransfersUniform Disclaimer of Property Interests Act

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, § 64.1-196.9; 2012, c. 614.