Q: Can I refuse a life estate?
My father who lives in Oregon, said he has set up his trust gifting me his house and property through a life estate. I live in another state, and have to interest in receiving the home. Can I refuse?
A: You can disclaim a conveyance. A recorded disclaimer in the property's County will work. But you might want to read the Trust first as it might have other provisions. Also your Father might amend or revoke the Trust. You need to wait until the Life Estate vests before disclaiming it. Talk to an OR attorney about any tax consequences.
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