Disclaimers can be a good way of getting assets where you want them to go. If the disclaimer is a “qualified disclaimer,” you aren't treated as having made a taxable gift. Sometimes a “double disclaimer” is necessary to achieve the desired outcome. My friend and colleague Steve Harnett, explores this useful planning technique. Read on to learn more. … [Read more...] about Using Disclaimers to Achieve Your Goals: Double Disclaimers
When most people think about estate planning, they think about ways that they can leave assets to their heirs. They do not think about the opposite: planning to receive an inheritance. What you do after receiving an inheritance is just as important as planning what to do with your own estate. You should consider whether you are better off with or without the inheritance. Receiving assets can have a drastic impact on your financial situation. It can put you in a higher tax bracket in some cases, … [Read more...] about Are You Better Off Without an Inheritance?