ID S1121

Amends Idaho Code Section 15-2-801 to revise the timeframe for filing a disclaimer (renunciation) of inherited property or interests to nine (9) months after death of the decedent, transfer of property, or when the recipient's interest becomes indefeasibly vested.

Allows renunciations to be filed by agents under a power of attorney, conservators, guardians, or personal representatives on behalf of incapacitated or deceased persons, without requiring the power of attorney to specifically authorize renunciation if the power is general in nature.

Specifies that for decedents who died after December 31, 2009 but before December 17, 2010, the filing deadline shall not be earlier than September 19, 2011.

Removes outdated provisions and makes technical corrections to clarify existing law regarding what constitutes a valid renunciation, who may renounce, and how renounced property passes to other beneficiaries.

Declares an emergency and applies the amendments retroactively to January 1, 2010 for all decedents dying on or after that date.