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Va. Code Ann. § 64.2-2608

Disclaimer by appointee, object, or taker in default of exercise of power of appointment

2003, c. 253, § 64.1-196.9; 2012, c. 614.

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.

Official source: Virginia Law Portal (LIS). Reproduced from public-domain Virginia statutes; confirm against the official source for the current text. Not legal advice.