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Qualified Disclaimer Can Cover Partial Interest in Trust

Disclaimers are powerful tools used to deal with facts and circumstances unknown when the trust was written, to take advantage of tax exemptions available at a decedent's death, or to adjust planning issues. The disclaimer of the entirety of a beneficiary's interest in a trust is relatively straightforward. What about the disclaimer of a specific asset to be held in trust, or a portion of a beneficial interest? The discussion in the full article by Michael S. Strauss — "Qualified Disclaimer Can Cover Partial Interest in Trust," from the April 2014 issue of Estate Planning — explores several scenarios involving the disclaimer of a specific trust asset by a child of the decedent.

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