Gift Tax Issue
A client will have used all of his gift tax exclusion by the time of his death. His wife is beneficiary with three children as contingent. If his wife disclaims the IRA to the children, what ,if any, gift tax issues will have to be addressed?
Permalink Submitted by Alan Spross on Wed, 2008-03-26 21:33
No additional gift tax issues because a qualified disclaimer is not considered a gift. All it does is treat the disclaimant has having died prior to the account owner.