New Hampshire Statutes
§ 564-B:10-1015 — Beneficiary's Disclaimer of an Interest in a Trust
New Hampshire·Title LVI PROBATE COURTS AND DECEDENTS' ESTATES·Ch. 564-B NEW HAMPSHIRE TRUST CODE·Subdivision ARTICLE 10LIABILITY OF TRUSTEES AND RIGHTS OF PERSONS DEALING WITH TRUSTEE
(a)In addition to a beneficiary's right to disclaim an interest in a trust under RSA 563-B and any other method for refusing to accept an interest in a trust, a beneficiary may disclaim an interest in a trust, including a trust that contains a spendthrift provision. An interest may be less than the beneficiary's entire interest in the trust. The disclaimer must be made by a written instrument delivered to a trustee.
(b)Unless the trustee has made a distribution to or for the benefit of the beneficiary, a disclaimer under subsection (a) is effective as of the interest's creation and is not a transfer, assignment, or release of the disclaimed interest.
(c)A beneficiary's right to disclaim an interest in a trust does not affect the validity or effect of a spendthrift provision.
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New Hampshire § 564-B:10-1015 (Beneficiary's Disclaimer of an Interest in a Trust) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
2015, 272:63, eff. Oct. 1, 2015.
Nearby Sections
15
§ 564-B:1-101
Short Title§ 564-B:1-102
Scope§ 564-B:1-103
Definitions§ 564-B:1-104
Knowledge§ 564-B:1-105
Default and Mandatory Rules§ 564-B:1-106
Common Law of Trusts; Principles of Equity§ 564-B:1-107
Governing Law§ 564-B:1-108
Principal Place of Administration§ 564-B:1-109
Methods and Waiver of Notice§ 564-B:1-110
Others Treated as Qualified Beneficiaries§ 564-B:1-111
Nonjudicial Settlement Agreements§ 564-B:1-111A
Nonjudicial Dispute Resolution§ 564-B:1-112
Rules of Construction§ 564-B:1-113
Precatory Language§ 564-B:10-1001
Remedies for Breach of Trust