| In the Peerage Act peers were given the option of disclaiming their titles within one year. |
| If there is a risk of estate taxes at the death of the second spouse, that spouse can use the deceased spouse's credit shelter amount by disclaiming to the B trust. |
| Additionally, the disclaimant must not have accepted the interest or any of its benefits prior to disclaiming. |
| And while disclaiming responsibility and blaming others, many suffer unnecessarily because of wrong priorities, wrong choices, squandered opportunities. |
| Disraeli, his closest ally, was his second choice and accepted, though disclaiming any great knowledge in the financial field. |
| Beneficiaries who are considering disclaiming assets must seek legal advice to ensure their disclaimers meet federal and state requirements. |
