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When Not to Claim an Inheritance

When Not to Claim an Inheritance

Although it may seem counter-intuitive to turn down an inheritance, there are situations in which it may actually be beneficial to do so. When a person refuses to accept an inheritance, that person is said to disclaim it, and the effect is the same as if the heir had predeceased the person who died. The gift will pass on to the next person in line to receive it.

Littman Krooks elder lawOne reason to disclaim a gift is…

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