Skip to main content
19 votes
Accepted

Disclaiming part of an Inheritance

If I'm the executor and one of the two kids that got an inheritance, can I disclaim 1/3 of my inheritance it and give it to the other child that didn't get anything? As executor you are required to ...
mhoran_psprep's user avatar
7 votes

Disclaiming part of an Inheritance

You can gift your share to whoever you want, and will be liable for gift tax on the gift. Otherwise, you should probably talk to an estate attorney about invalidating the superseding will.
littleadv's user avatar
  • 174k
3 votes
Accepted

My Mother's Estate, a living revocable turst and Income Tax

I think it matters and I believe I am right. Who is right? Both are right. That said, the executor of the estate will take this out of the personal tax return, and the trustee will add it to the ...
littleadv's user avatar
  • 174k
1 vote
Accepted

Recently my mother died - how to handle her living trust account

The trust account names should be titled as per the trust document. It should be spelled out in the trust document explicitly. For the estate it should probably be defined in the probate documents. ...
littleadv's user avatar
  • 174k

Only top scored, non community-wiki answers of a minimum length are eligible