Financial Planner

Answer: B - A qualified disclaimer is used for post-mortem estate planning when property is refused. A disclaimer is simply a formal refusal of an inheritance of property from a decedent. Such a refusal is stall a taxable gift unless one satisfies the IRC requirements for a “qualified disclaimer.” Under the qualified disclaimer rules, an estate beneficiary may avoid receipt of the property bequeathed by the deceased, thereby avoiding any gift tax. The disclaimer must be irrevocable and unqualified and must be in writing.