Legal Question in Wills and Trusts in New York
beneficiary
can a beneficiary refuse the funds
and let it go to the estate?
Asked on 7/13/07, 9:14 pm
2 Answers from Attorneys
Re: beneficiary
Yes. This is called a disclaimer and can have tax consequences to both the estate and the individual.
Answered on 7/15/07, 1:54 pm
Alexandra Golden
Golden Law Center
Re: beneficiary
Yes -- that is called a disclaimer. There are potentially important tax consequences in disclaiming an inheritance, so you should consult an attorney prior to doing so.
Answered on 7/13/07, 9:23 pm
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