Fill and Sign the North Carolina Renunciation and Disclaimer of Joint Tenant or Tenancy Interest North Carolina Form

Prepared by U.S. Legal Forms, Inc. Copyright 2016 - U.S. Legal Forms, Inc. STATE OF NORTH CAROLINA RENUNCIATION AND DISCLAIMER OF JOINT TENANT INTERST Control Number – NC - 04 - 03 This packet contains the following: 1. Instructions ; and 2. Forms. NOTES ON COMPLETING THESE FORMS The form(s) in this packet contain “form fields” created using Microsoft Word. “Form fields” facilitate completion of the forms using your computer. They do not limit you ability to print the form “in blank” and complete with a typewriter or by hand. It is also helpful to be able to see the location of the form fields. Go to the View menu, click on Toolbars, and then select Forms. This will open the forms toolbar. Look for the button on the forms toolbar that resembles a “shaded letter “a”. Click in this button and the form fields will be visible. In order to use the form fields properly, it is necessary to “lock or protect” the document. If you wish to make any changes in the body of the form, it is necessary for you “unlock” or “unprotect” the form. This is done by clicking on “Tools” in the Menu bar and then selecting “unprotect document”. You may then be prompted to enter a password. If so, the password is “uslf”. That is uslf in lower case letters without the quotation marks . It is very important to understand that, once the document is unprotected, any data entered in the form fields will be lost when the document is again protected. If changes are necessary, unlock the document, using the password “uslf” if necessary, and make any changes that you feel are required. Then protect the document once again. After any required changes and re-protecting the document, click on the first form field and enter the required information. You will be able to navigate through the document from form field to form field using your tab key. Tab to a form field and insert your data. Inserting date will result in the default line disappearing. You will have sufficient space to enter any required information. DISCLAIMER These materials were developed by U.S. Legal Forms, Inc. based upon statutes and forms for the State of North Carolina. All Information and Forms are subject to this Disclaimer: All forms in this package are provided without any warranty, express or implied, as to their legal effect and completeness. Please use at your own risk. If you have a serious legal problem we suggest that you consult an attorney. U.S. Legal Forms, Inc. does not provide legal advice. The products offered by U.S. Legal Forms (USLF) are not a substitute for the advice of an attorney. THESE MATERIALS ARE PROVIDED "AS IS" WITHOUT ANY EXPRESS OR IMPLIED WARRANTY OF ANY KIND INCLUDING WARRANTIES OF MERCHANTABILITY, NONINFRINGEMENT OF INTELLECTUAL PROPERTY, OR FITNESS FOR ANY PARTICULAR PURPOSE. IN NO EVENT SHALL U. S. LEGAL FORMS, INC. OR ITS AGENTS OR OFFICERS BE LIABLE FOR ANY DAMAGES WHATSOEVER (INCLUDING, WITHOUT LIMITATION DAMAGES FOR LOSS OF PROFITS, BUSINESS INTERRUPTION, LOSS OF INFORMATION) ARISING OUT OF THE USE OF OR INABILITY TO USE THE MATERIALS, EVEN IF U.S. LEGAL FORMS, INC. HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. Prepared by, recording requested by and return to: ----------------------Above this Line for Official Use Only---------------------Name:       Company:       Address:       City:       State:       Zip:       Phone:       Fax:       RENUNCIATION OF SUCCESSION – INDIVIDUAL (N.C. Gen. Stat. § 31-B) COMES NOW, ____________________________________ , as a party who has succeeded or will succeed to the following property interest, ________________________________________________________________________ and would state as follows: 1. The undersigned succeeded to said property interest as one of the following: ( ) Heir ( ) Next of kin ( ) Devisee ( ) Legatee ( ) Beneficiary of a life insurance policy who did not possess the incidents of ownership under the policy at the time of death of the insured ( ) Person succeeding to a renounced interest ( ) Beneficiary under a testamentary trust or under an inter vivos trust ( ) Appointee under a power of appointment exercised by a testamentary instrument or a non-testamentary instrument ( ) Surviving joint tenant, surviving tenant by the entireties, or surviving tenant of a tenancy with a right of survivorship ( ) Person entitled to share in a testator's estate under the provisions of G.S. 31- 5.5 ( ) Beneficiary under any other testamentary or nontestamentary instrument, including a beneficiary under: a. Any qualified or nonqualified deferred compensation, employee benefit, retirement or death benefit, plan, fund, annuity, contract, policy, program or instrument, either funded or unfunded, which is established or maintained to provide retirement income or death benefits or results in, or is intended to result in, deferral of income; b. An individual retirement account or individual retirement annuity; or c. Any annuity, payable on death, account, or other right to death benefits arising under contract ( ) The duly authorized or appointed guardian with the prior or subsequent approval of the clerk of superior court, or of the resident judge of the superior court, of any of the above. ( ) The personal representative appointed under Chapter 28A of any of the above, or the attorney-in-fact of any of the above. 2. The undersigned would by this notice hereby declare that: ( ) The undersigned completely renounces any and all rights of succession in the above described property interest, or ( ) The undersigned renounces the right to succeed to said property interest only in part, retaining the right of succession to the following property interest: ________________________________________________________________________ 3. If the undersigned has elected to renounce a partial interest , the undersigned would further state that any instrument which may have created said interest does not contain a provision which would prohibit the renunciation of a fractional share of said property interest. 4. Pursuant to North Carolina Statute, this renunciation must be filed: (A) An instrument renouncing a present interest shall be filed within the time period required under the applicable federal statute for a renunciation to be given effect as a disclaimer for federal estate and gift tax purposes. If there is no such federal statute the instrument shall be filed not later than nine months after the date the transfer of the renounced interest to the renouncer was complete for the purpose of such taxes. (B) An instrument renouncing a future interest shall be filed not later than six months after the event by which the taker of the property or interest is finally ascertained and his interest indefeasibly vested and he is entitled to possession even though such renunciation may not be recognized as a disclaimer for federal estate tax purposes. 5. ( ) The undersigned gained a present property interest in the above described property on the ______ day of __________________ , 20 ______ , or ( ) The undersigned will gain an interest in the above-described property in the future. Said interest was finally ascertained and indefeasibly vested in the undersigned on the ______ day of __________________ , 20 ______ . This the ______ day of __________________ , 20 ______ . ____________________________________ Signature of Renouncer Acknowledgment of Individual STATE OF NORTH CAROLINA COUNTY OF __________________ I, a Notary Public, do hereby certify that ______________________________ (here give the name of the grantor or maker) personally appeared before me this day and acknowledged the due execution of the foregoing instrument. Witness my hand and (where an official seal is required by law) official seal This the ____________ day of __________________ , ______ (year). (Official seal.) ____________________________________ Notary Public       Type/Print Name My Commission Expires: __________________ Certificate of Delivery I, ______________________________ , hereby certify that I have delivered this day a true and correct copy of the foregoing to ______________________________ by: ( ) Personal Delivery ( ) Mailing a true and correct copy of same by certified or registered U.S. mail, postage prepaid, return receipt requested. So certified this the ______ day of __________________ , 20 ______ . ____________________________________ Signature