Planning for a Disclaimer in 5 Easy Steps
Saying “no thanks” to an inheritance might seem like a crazy idea to most, but don’t count it out until you know all the benefits.
A disclaimer allows a beneficiary to refuse an inheritance, and as long as the rules are followed properly, it also lets the beneficiaries to pass the assets onto alternate beneficiaries—which is an intriguing option to some.
However, to implement a disclaimer correctly, many pieces need to be put in place ahead of time—including the naming of beneficiaries as well as contingent beneficiaries. If you are considering passing on your inheritance, be sure to plan ahead! Check out “Planning for a Disclaimer in 5 Easy Steps.”
Have questions about disclaimers or options for inherited accounts? We are here to help! Give us a call at 703-466-0477 to schedule a time to further discuss your questions.
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