shifted a substantial portion of the property back to her.
of a survivorship interest was valid despite state law prohibition.
are an important part of estate planning; Sec.
A board committee had earlier approved use of the disclaimer
, which casts doubt on the validity of evolution and claims that the theory "still leaves many unanswered questions about the origin of life.
A qualified disclaimer
is defined in IRC section 2518, which requires, among other things, an irrevocable and unqualified refusal by the donee.
The estate also claimed that the vow and subsequent transfer of assets to the order constituted a valid disclaimer
There also is a trend by the courts to require investors to pay attention to disclaimers
and warnings in offering statements and prospectuses.
Recognizing this after the decedent's death, the beneficiaries of the QTIP marital trusts proposed to execute qualified disclaimers
to disclaim their interests in the benefit conferred by the waiver of the estate's right of tax reimbursement provided in the decedent's will.
The case concerned a controversial anti-evolution disclaimer
that the Religious Right-dominated school board in Tangipahoa Parish decreed that teachers read to students in science classes.
They executed mutual wills, both of which provided that, if a disclaimer
was made by the decedent, the disclaimed portion of the estate would go into a trust.
The proposal was attached to a measure dealing with the Oklahoma State Textbook Committee, a panel that sparked controversy last year when it ordered that all science texts must carry a disclaimer
In recent years, beneficiaries have been filing disclaimers
in efforts to avoid creditors, including IRS levies on estate proceeds.
The vote requiring disclaimers
should be considered invalid, Edmondson wrote.
2518 qualified disclaimers
would permit the trust to qualify under Sec.
The absence of any recognition of disclaimers