medium · Certified Financial Planner General Principles
A client, Mrs. Sorensen, is the beneficiary of her sister’s $2,000,000 estate. She wishes to disclaim the inheritance so it passes directly to her children.
Which of the following is a requirement for a 'Qualified Disclaimer' under Section 2518?
- The disclaimer is only valid if the estate is below the $15,000,000 basic exclusion amount.
- Mrs. Sorensen can direct that the assets be placed into a trust for her children's education.
- Mrs. Sorensen must not have accepted any interest in the property or its benefits.
- The disclaimer must be made within 12 months of the sister's death.
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