Title

Disclaimers

Document Type

Article

Publication Title

N.Y.U. Institute on Federal Taxation

Publication Date

1988

Abstract

In essence, a disclaimer is a transfer that is not treated as a transfer for tax purposes. For where a person is entitled to receive an interest in property under a will or in the context of an inter vivos gift and disclaims ‒ i.e., refuses ‒ it, he or she is in effect making a transfer. Yet section 2518 provides that, where its requirements are satisfied, such a disclaimer (or refusal) is not to be treated as a transfer for transfer-tax purposes.

Share

COinS
 
 

To view the content in your browser, please download Adobe Reader or, alternately,
you may Download the file to your hard drive.

NOTE: The latest versions of Adobe Reader do not support viewing PDF files within Firefox on Mac OS and if you are using a modern (Intel) Mac, there is no official plugin for viewing PDF files within the browser window.