qualified disclaimer

Definition of "qualified disclaimer"
  1. 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
How to use "qualified disclaimer" in a sentence
  1. After consultation with her tax advisor, she made a qualified disclaimer to pass her inherited property to her children without incurring gift taxes.
  2. The qualified disclaimer allowed the beneficiary to reject his assigned portion of the property in his uncle's will.
  3. 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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