Legal Question in Wills and Trusts in Illinois
In an Estate, if a beneficiary renounces his share does his share automatically transfer to his children?
Asked on 10/15/16, 11:29 am
2 Answers from Attorneys
Virginia Prihoda
Law Offices of Virginia Prihoda
Not necessarily. The effect of a disclaimer is that the disclaiming beneficiary's share will be distributed as if the disclaiming beneficiary pre-deceased the Testator.
Answered on 10/15/16, 12:13 pm
Henry Repay
Law Offices of Henry Repay
I am sorry for your family's loss. I agree with Attorney Prihoda's answer. I recommend you have an attorney review the circumstances and advise. If the share has not yet been disclaimed, then the impact can be evaluated before a final decision is made.
Answered on 10/17/16, 7:40 am