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Reply to "Anyone Been Disinherited?"
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[quote=Anonymous]For those who are saying the heir should “share” — it isn’t that simple. If the heir takes the inheritance and gives it to the disinherited relative, it’s considered to be a gift and is taxable (if it’s over the gift exemption limits). If it’s over the annual limit but under the lifetime exemption, it will count against the estate tax exemption for the heir, which could mean a substantial tax hit for their ultimate heirs (especially if the lifetime exemption amount is lowered when the current level expires). If the heir “disclaims” the inheritance, it’s not a gift, but it goes to the next heir in the will, not the disinherited relative. https://www.investopedia.com/articles/06/refuseinheritance.asp[/quote]
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