14-10007. Disclaimer of rights of
survivorship in jointly held property


A. On the death of a holder of jointly held property, a surviving holder may
disclaim, in whole or in part, the greater of either:


1. A fractional share of the property determined by dividing the number one by the
number of joint holders alive immediately before the death of the holder to whose death
the disclaimer relates.


2. All of the property except that part of the value of the entire interest
attributable to the contribution furnished by the disclaimant.


B. A disclaimer under subsection A takes effect as of the death of the holder of
jointly held property to whose death the disclaimer relates.


C. An interest in jointly held property disclaimed by a surviving holder of the
property passes as if the disclaimant predeceased the holder to whose death the
disclaimer relates.