qualified disclaimer
- A complete and final refusal to accept a specific share from a deceased person's estate, adhering to the guidelines set by federal tax laws and gaining positive tax outcomes like a gift tax exemption
- After consultation with her tax advisor, she made a qualified disclaimer to pass her inherited property to her children without incurring gift taxes.
- The qualified disclaimer allowed the beneficiary to reject his assigned portion of the property in his uncle's will.
- Using a qualified disclaimer, the widow was able to refuse her late husband's estate and redirect it to their children, avoiding gift tax implications.
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