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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 ...
The form is prescribed by the Secretary of State under the Immigration and Nationality Act of 1952. [1] A CLN is used only to document a loss of U.S. nationality and it does not affect the loss of U.S. nationality itself.
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 ...
Most countries have provisions that allow for renunciation and denaturalization. The following countries have provisions for loss of citizenship that go beyond the norm: Belgium – Belgian citizens residing abroad between the ages of 18 and 28 can lose citizenship if they meet certain conditions
The State Department describes renunciation as "the most unequivocal way in which someone can manifest an intention to relinquish U.S. citizenship". [141] A major legal distinction between renunciation and other forms of relinquishment is that "[i]t is much more difficult to establish a lack of intent or duress for renunciation". [142]
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