 |
Definition of 'Disclaim'
To renounce an interest or obligation by way of a legal instrument - usually a written disclaimer, or a disclaiming trust. Property may be disclaimed for several reasons: because it is unwanted, because it carries heavy liabilities, because of tax reasons, or because the intended beneficiary wants to pass the property to another beneficiary. Liabilities, obligations, beneficial ownership, or rights may also be disclaimed.
|
 |
Investopedia explains 'Disclaim'
1. When analyzing a company's proxy statement, it is common to read that a member of an executive's family owns a number of shares, but the executive disclaims beneficial ownership in the stock.
2. In succession planning, a beneficiary may disclaim an inheritance, thus passing the inherited property to the contingent beneficiary and avoiding inheritance taxes, as well as any liabilities that may come with the property.
|
Search results for 'Disclaim'
-
http://www.investopedia.com/ask/answers/06/excludespendthrift.asp
... Reprints. Feedback Feedback. Can an IRA owner disclaim his widow's account
but exclude one spendthrift contingent beneficiary? From ...
-
http://www.investopedia.com/articles/06/RefuseInheritance.asp
Contrary to popular belief, inheriting assets isn't always a good thing.
Find out what to do if you want to disclaim them. ...
-
http://www.investopedia.com/articles/05/taxlawchange.asp
... RMD for Year of Death Does Not Invalidate Disclaimer Individuals who disclaim (decline)
inherited assets do so for a variety of reasons, including tax planning ...
-
http://www.investopedia.com/articles/retirement/03/041603.asp
... avoiding taxes. In some instances, beneficiaries disclaim assets so that other
certain individuals receive the assets. The beneficiary ...
-
http://www.investopedia.com/articles/retirement/03/091003.asp
... Properly disclaim their portion of the inherited assets. Note: A disclaimer of
inherited assets must meet certain federal and state requirements. ...
-
http://www.investopedia.com/ask/answers/05/inheritIRA.asp
... Therefore, no one else is entitled to receive any share of the IRA unless
the named beneficiaries choose to disclaim their portions. ...
-
http://www.investopedia.com/articles/retirement/04/081804.asp
... identifiable beneficiary in calculating RMD amounts. The trust is eligible
to disclaim the assets. If this happens, the other primary ...
-
http://www.investopedia.com/articles/mortgages-real-estate/08/title-ownership-property.asp
... persons wishing to own real estate apart from their spouse, title insurance companies
will typically require the spouse to specifically disclaim or relinquish ...
|
|
