A person may disclaim in whole or in part any interest in or power over property, including a power of appointment. A person may disclaim the interest or power even if the creator imposed a spendthrift provision or similar restriction on transfer or a restriction or limitation on the right to disclaim. Except to the extent that a fiduciary’s right to disclaim is expressly restricted or limited by another statute of the State or by the instrument creating the fiduciary relationship, a fiduciary may disclaim in whole or in part any interest in or power over property, including a power of appointment, whether acting in a personal or representative capacity. A fiduciary may disclaim the interest or power even if the creator imposed a spendthrift provision or similar restriction on transfer or a restriction or limitation on the right to disclaim, or an instrument other than the instrument that created the fiduciary relationship imposed a restriction or limitation on the right to disclaim. To be effective, a disclaimer must: Be in writing or other record; Declare the disclaimer; Describe the interest or power disclaimed; Be signed by the person making the disclaimer; and Be delivered or filed in the manner provided in § 9-209 of this subtitle. A partial disclaimer may be expressed as a fraction, percentage, monetary amount, term of years, limitation of a power, or any other interest or estate in the property. A disclaimer becomes irrevocable when it is delivered or filed pursuant to § 9-209 of this subtitle or when it becomes effective as provided in §§ 9-203 through 9-208 of this subtitle, whichever occurs later. A disclaimer made under this subtitle is not a transfer, assignment, or release. Creditors of the disclaimant have no interest in the property disclaimed.