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Reply to "Relatives promising inheritance I don't want"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I'm having a hard time why you wouldn't want high seven figures, but anyway, yes, I would refuse it and have it split between their kids. [/quote] If you disclaim, you don't get to decide who gets it instead of you. That's gifting and incurs having to either pay gift taxes or use up some of your lifetime exemption.[/quote] Yes, this may impact OP's own lifetime exemption. Encourage your relatives to leave an inheritance that promotes harmony. Better they leave funds in trust with restrictions to their own kids than burden you with the drama. [/quote]
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