[WSBAPT] Qualified Disclaimer

[JOYCE SCHWENSEN]

Dear colleagues,

Can anyone offer me some guidance on preparation of a qualified disclaimer? Parent made one adult child a joint owner of parent's bank account as a convenience. Parent has died and the  Will leaves everything to all children. The child on the joint account understands they own those funds now, but wants to share the funds with their siblings. There are tax reasons for disclaiming rather than gifting the account. But is the inheritance to be disclaimed only a 50% interest in the account? Or can the disclaimer cover 100% of the funds in the formerly joint account? Any help would be appreciated.

Thank you, Joyce

Law Office of Joyce S. Schwensen
Joyce S. Schwensen
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Joyce at SchwensenLaw.com<mailto:Joyce at SchwensenLaw.com>
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