Disowning a Beneficiary Status
There exists a cut-off as to when a beneficiary may decide to NOT accept the status of beneficiary…….When is that?
There exists a cut-off as to when a beneficiary may decide to NOT accept the status of beneficiary…….When is that?
Permalink Submitted by Alan Spross on Tue, 2011-06-21 23:02
9 months from the date of death or attaining age 21 if beneficiary is younger. See the following for other conditions required for a qualified disclaimer:
http://www.taxalmanac.org/index.php/Internal_Revenue_Code:Sec._2518._Dis…
Permalink Submitted by James Rosato on Wed, 2011-06-22 14:52
Thank you…….