Commentary: When Planning Post-Mortem, Try Playing Possum

Summary

---

There's a way to save on taxes by simply playing possum.

No, I don't mean that there's some tax benefit in wandering out at night into the middle of a well-traveled highway. I'm referring to the possum's defense mechanism of playing dead to fool predators. You can play dead yourself - a "qualified disclaimer" can be useful to prevent the IRS from preying on your family's wealth.

See the full content of this document

Extract

---

Commentary: When Planning Post-Mortem, Try Playing Possum

A qualified disclaimer is a device that can be used as post- mortem estate planning by your heir - he or she refuses to accept the inheritance after your death. Although it seems like an oxymoron, po...

See the full content of this document

---