What Happens If You Don’t Want to Inherit Anything?
Although it may sound strange that someone would want to turn down an inheritance, there are situations where it may be wise to not accept the inheritance. It is possible to turn down an inheritance by filing a disclaimer. A disclaimer is the refusal to accept an inheritance. The disclaimer must be in writing and submitted to the court that is overseeing the disposition of the estate within nine months of the decedent’s death and before he or she has received the property. The decedents will shall determine to whom the property will pass but if there is no will, the intestate laws of the state will determine who will receive the property.
In some situations, if you turn down an inherited assets, it might still be counted against you as a gift that you received and gave away again. For a more definite analysis of your specific situation, you should speak with an attorney.