Sunday, May 5, 2024
Taxation and Giving

1.3.5 Basic Quiz -- Disclaimers
A beneficiary of an estate may disclaim property.
     True      False
A donee may disclaim gifts from a donor made during the donor's life.
     True      False
If a person properly disclaims property, then it is treated as if the property went to the disclaiming party first and the recipient party second.
     True      False
If the disclaimer is valid, the property generally will pass to a contingent beneficiary or to the residue of the estate.
     True      False
A qualified disclaimer can be made orally, just like an oral contract.
     True      False
A person who disclaims property can direct that the property pass to charity since charity is not a disqualified person.
     True      False
The use of disclaimers in an estate plan offers a great deal of flexibility to individuals.
     True      False
Naming a charity as a contingent beneficiary of property decreases the flexibility of an estate plan.
     True      False
A qualified disclaimer must disclaim a 100% interest in the property.
     True      False
A surviving spouse cannot disclaim if the property would pass to a trust of which he or she is the beneficiary.
     True      False



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