Disclaiming Effects on GST

Submitted by Mhotchkiss on Thu, 2014-10-16 16:47

Can you give me an understanding of how disclaiming an Inherited IRA by the child of the IRA owner, allowing the Inherited IRA to go to the grandchild of the IRA owner by way of per stirpes is effected by GST, or counts against GST? Is there a good source that speaks to this topic? thanks, M



Submitted by [email protected] on Thu, 2014-10-23 16:03

Any input on this would be appreciated. Last request. – M

Submitted by Alan - IRA critic on Fri, 2014-10-24 00:25

Sorry for delay. Your question would best by addressed by Bruce Steiner, an estate tax attorney who posts here. I am not up to speed on the GST.

Submitted by Bruce Steiner on Fri, 2014-10-24 03:22

  • Alan:  thanks for the kind words.
  • Yes, if the IRA goes to the grandchildren, it would count toward the $5,340,000 GST exemption.
  • If your estate is over $5,340,000, you should consult with competent counsel.

Submitted by Bruce Steiner on Fri, 2014-10-24 03:22

deleted

Submitted by [email protected] on Mon, 2014-10-27 14:54

Thanks. -m

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