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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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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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Templeton's renunciation had significant tax benefits, though he stated his emigration was motivated by the desire to get away from the pressures of Wall Street in order to improve his investment decision-making process. He lived in the Bahamas until his death in 2008. [325] [326] 1968: 1968: Too early Tien Hung-mao: Diplomat Scholar Naturalized
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