Future-proof your estate plan with qualified disclaimers

Description

Abstract: While it’s nearly impossible to prepare for every contingency, one can build flexibility into an estate plan by taking into account the potential for heirs to take advantage of qualified disclaimers. This article offers a hypothetical example that shows how a qualified disclaimer can help a disclaimant avoid double taxation on his or her estate. But it also warns of negative gift or estate tax consequences if the disclaimer isn’t “qualified.”