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Article: Qualified disclaimers: An effective, overlooked postmortem estate planning tool

Article from:
The CPA Journal
Article date:
October 1, 2000
Author:
Copyright

When a decedent has done little or no estate planning, or bad estate planning. is it too late? Actually, all is not lost, because of a favorite postmortem estate planning technique: the qualified disclaimer (QD).

A QD under IRC section 2518 is a handy, near-magical tool that allows estate planning to be done by the personal representatives (e.g., executors and administrators) and beneficiaries for two estates at the best possible time: after the death of the testator. At this time, the size, nature, and details of the estate and the needs, ages, health, wealth, and family circumstances of the beneficiaries are definitively known.

The QD can save taxes, not only in the estate of the ...

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