MN HF951

Updates Minnesota's Uniform Disclaimer of Property Interests Act to reference the Internal Revenue Code "as defined in section 291.005, subdivision 1, clause 3" rather than a static date of January 1, 2010.

Adds new provision clarifying that acceptance of a trust distribution constitutes acceptance only of that distributed portion, not of undistributed beneficial interests in the trust.

Expands the types of partial disclaimers that may be expressed to include "specific property" and "portion of a beneficial interest in or right to distributions from a trust."

Changes terminology regarding real estate recordings from "filed for recording" and "filing" to "recorded" and "recording," and specifies delivery to "county recorder or registrar of titles" instead of "clerk of the court."

Broadens section 524.2-1116 to apply to all property interests and powers "whenever created," removing language that limited it to interests existing on January 1, 2010 with unexpired disclaimer deadlines.