Disclaimers can be a good way of getting assets where you want them to go. If the disclaimer is a “qualified disclaimer,” the client isn’t treated as having made a taxable gift. This can be a great result for the client in the right circumstances. Attached is commentary on this subject by my friend and colleague Steve Hartnett, an estate planning expert. 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)
- Planning Now for the Possible Lowering of the Estate Tax Exclusion - June 14, 2021
- Post-Pandemic Updating: Beneficiary Designations - June 13, 2021
- Post-Pandemic Updating: Your Trust or Will - June 12, 2021
