New York Times: “TURNING down an inheritance may seem to be an alien concept. But with the estate tax in flux, this process, called disclaiming, can provide needed flexibility. People who disclaim are generally treated as if they had died before the person from whom they are inheriting. The assets then go to the individual or trust next in line under the estate plan. Or, if the plan makes no such provision, assets are distributed according to state law.”
Disclaimers: Saying ‘No Thanks’ to a Bequest
By On the Net|2016-12-13T20:33:57-08:00February 19th, 2010|
About the Author: On the Net
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