(1) A disclaimer of an interest in property by an appointee of a power of appointment takes effect as of the time the instrument by which the holder exercises the power becomes irrevocable.
(2) A disclaimer of an interest in property by an object, or taker in default of an exercise of a power of appointment, takes effect as of the time the instrument creating the power becomes irrevocable.
History.—s. 1, ch. 2005-108.
Structure Florida Statutes
Title XLII - Estates and Trusts
Chapter 739 - Florida Uniform Disclaimer of Property Interests Act
739.104 - Power to Disclaim; General Requirements; When Irrevocable.
739.201 - Disclaimer of Interest in Property.
739.202 - Disclaimer of Rights of Survivorship in Jointly Held Property.
739.203 - Disclaimer of Property Held as Tenancy by the Entirety.
739.204 - Disclaimer of Interest by Trustee.
739.205 - Disclaimer of Power of Appointment or Other Power Not Held in a Fiduciary Capacity.
739.206 - Disclaimer by Appointee, Object, or Taker in Default of Exercise of Power of Appointment.
739.207 - Disclaimer of Power Held in Fiduciary Capacity.
739.401 - When Disclaimer Is Permitted.
739.402 - When Disclaimer Is Barred or Limited.
739.501 - Tax-Qualified Disclaimer.