You may renounce an interest in trust or restricted land that is not disposed of by a valid will and that represents less than 5 percent of the entire undivided ownership of a parcel of land only in favor of:
(a)
One other eligible heir;
(b)
One Indian who is related to you by blood;
(c)
One co-owner of another trust or restricted interest in the same parcel; or
(d)
The Indian tribe with jurisdiction over the interest.