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.
Timothy P. Murphy is an estate planning and elder law attorney whose practice emphasizes helping people to build, preserve and pass on their wealth. He works with his clients to accomplish their goals while avoiding unnecessary court proceedings and minimizing or eliminating exposure to death taxes.
Latest posts by Timothy P. Murphy (see all)
- Taxation of Nongrantor Trusts - August 3, 2021
- Advantages of Using a “Grantor Trust” in Planning - August 1, 2021
- Beneficiary Designations and the SECURE Act: Prior Designations - July 17, 2021
