A person renounces a gift made in a will when the person does not want to accept the gift.

Question

Quizplus · Accepted Answer

When a person renounces a gift made in a will, it means they do not want to accept the gift. This can happen for various reasons, such as if the person feels they do not deserve or do not want the gift, or if they want to avoid any legal obligations or tax consequences associated with the gift. Renouncing a gift can be done through a legal process and typically involves notifying the executor of the will.

A Person Renounces a Gift Made in a Will When