Join us for this Cannon Teleconference: Deep Dive Into Disclaimers

Date: April 9, 2024; Time: 12:30pm networking/brown bag; 1pm presentation

Location: Lee Bank Marble House, 102 West Park Street, Lee, Massachusetts

RSVP to Marianne Fresia (button below). Free for Members! Non-members: $20. Pay via PAYPAL or mail a check: Donna Turner, Smith Watson & Company LLC, 7 North Street, Suite 205, Pittsfield, MA 01201. Thank you!

Program

A disclaimer (otherwise known as a renunciation) is nothing more than an unqualified, irrevocable refusal to accept a transfer of property from another person. That simple definition, however, overlooks the complexities associated with the many different tax and nontax contexts in which the making of a disclaimer might be considered and what its results may be. In this session, we’ll closely examine many aspects of disclaimers, including: Differences in handling under state laws and federal tax law Estate planning uses – including formula disclaimers Special federal tax rules applicable to disclaimers by spouses Disclaimers of transfers at death versus disclaimers of lifetime gifts Effects of disclaimers on disclaimant’s creditors

RSVP to Marianne Fresia (button below). Free for Members! Non-members: $20. Pay via PAYPAL or mail a check: Donna Turner, Smith Watson & Company LLC, 7 North Street, Suite 205, Pittsfield, MA 01201. Thank you!