The formal rejection or disclaimer of a right, inheritance, or fiduciary appointment. A beneficiary may renounce an inheritance, or an executor may renounce their appointment. Renunciation must typically be in writing and filed within specified timeframes, and generally cannot be revoked once made.
Renunciation is formally saying "no thanks" to an inheritance or a role you've been given. If you're named as executor but don't want the job, you can renounce. If you're left money but want it to go to someone else (like your kids), you can renounce your inheritance.
⏱ When you'll encounter this term
- Named as executor but unable or unwilling to serve
- Inheriting but wanting assets to pass to contingent beneficiaries
- Tax planning to skip a generation or reduce estate
- Disclaiming an inheritance that comes with debts or obligations
"Mum was named executor of her elderly aunt's estate, but she's 75 herself and didn't feel capable of handling it. She filed a renunciation with the court, and my uncle was appointed as executor instead."
⚖️ Compare: Renunciation vs Acceptance
Formal refusal of inheritance or appointment. Once renounced, generally cannot be revoked. Property passes as if you predeceased.
Taking the inheritance or role. Can be explicit (signing documents) or implied (using the property, acting as executor).
💡 Did you know?
Renunciations have strict time limits—often you must renounce within 9 months of death for tax purposes. If you touch, use, or benefit from the inheritance before renouncing, you've generally accepted it and can no longer disclaim.