Estate PlanningPlanning for a Disclaimer in 5 Easy Steps

Saying “no thanks” to an inheritance might seem like a crazy idea to most, but don’t count it out until you know all the benefits.

A disclaimer allows a beneficiary to refuse an inheritance, and as long as the rules are followed properly, it also lets the beneficiaries pass the assets onto alternate beneficiaries—which is an intriguing option to some.

However, to implement a disclaimer correctly, many pieces need to be put in place ahead of time—including the naming of beneficiaries as well as contingent beneficiaries. If you are considering passing on your inheritance, be sure to plan ahead!

Click here to download “Planning for a Disclaimer in 5 Easy Steps.”

Have questions about disclaimers or options for inherited accounts? We are here to help! Give us a call at (425) 252-4032 to schedule a time to further discuss your questions.

This material was prepared by Ed Slott. Ed Slott is not affiliated with Bailey Wealth Services or LPL Financial.

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