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Disclaiming an interest in an asset, according to IRS rules, results in such an interest never being transferred to the individual making the disclaimer--thus a disclaimer has essentially the same effect as the death of the beneficiary with regard to the interest in the disclaimed asset.
Moran also called Johnson on May 13 2008 and informed her that if she did not respond, Geico would then disclaim coverage under the policy and all legal bills would thereafter become her personal responsibility.
This is a trust that will function only in the event the surviving spouse (or his or her estate representative) disclaims the bequest under the will or trust.
If the spouse disclaims a fraction of the IRA to fully fund the Bypass trust, the spouse's life expectancy is likely to be used for MRDs.
If his or her financial situation has changed, the survivor can disclaim the retirement benefits when the first spouse dies.
"Thus," Lynn concluded, "this amendment authorizes the very coercive practices it disclaims. It also fails the stated purpose of clarifying current law and collapses under the weight of its own inconsistencies."
An owner can improve its position considerably by including in its construction management agreement a provision that disclaims any liability to subcontractors.
As a matter of policy, the SEC disclaims responsibility for any private publications by any of its employees.
And Duke disclaims his past with a wink and a nod, a fact that calls into question his new-found Republicanism.
These enhancements include more detailed status and date information; improved class, registration number, and serial number searching; more complete ownership information; broader litigation-related applications; and the ability to search by claims and disclaims.
The present forward-looking statements are made as of the date of this press release and Vivendi disclaims any intention or obligation to provide, update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
If the spouse disclaims to a B trust and retains the rights as income beneficiary, he or she can receive a steady income and the right to receive discretionary principal distributions for health, maintenance and support.