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In the law of inheritance, wills and trusts, a disclaimer of interest (also called a renunciation) is an attempt by a person to renounce their legal right to benefit from an inheritance (either under a will or through intestacy) or through a trust. "If a trustee disclaims an interest in property that otherwise would have become trust property ...
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Quitclaim may originally have been an oral transaction, but by the thirteenth century a formal sealed document or court record had become necessary. [6] A famous early example is the Quitclaim of Canterbury of 1189, by which Richard I reversed the Treaty of Falaise , transferring his claims on Scotland to William the Lion .
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Still, renouncing citizenship is very rare; the ultrawealthy are more likely to acquire second citizenships or residencies in places like Portugal or Malta than give up their American passports ...
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