I wish to disqualify myself as beneficiary in a dead relative's last will and testament. A morphine-addled dying relative set up a trust for me to eventually receive money that I do not wish to receive. The money should ideally be rerouted to a younger relative.
The dead relative actually passed 5 years ago, and I just found out about the bequest. The money would start arriving after the deceased person's spouse dies. I do not wish to invalidate the will, nor challenge the competency of the departed. I have to believe that I can not be forced to accept a monetary bequest (for tax reasons alone.)
How can I emancipate myself from this eventuality, and can I "re-bequeath" the benefit to a more appropriate, deserving relative? Can anyone advise?
Thank you.
The dead relative actually passed 5 years ago, and I just found out about the bequest. The money would start arriving after the deceased person's spouse dies. I do not wish to invalidate the will, nor challenge the competency of the departed. I have to believe that I can not be forced to accept a monetary bequest (for tax reasons alone.)
How can I emancipate myself from this eventuality, and can I "re-bequeath" the benefit to a more appropriate, deserving relative? Can anyone advise?
Thank you.