Disclaimers and Defined Value Clauses: Christiansen
5 Pages Posted: 8 Apr 2008 Last revised: 5 May 2008
A South Dakotan attorney who had become a full-time farmer, left her entire estate to her daughter, but she anticipated that her daughter would disclaim some of that property. The article discusses the Christiansen case that examined the validity of that disclaimer as well as of a defined value clause.
Keywords: estate tax, disclaimer, defined value clause, FLP, McCord, charitable lead annuity trust, CLAT, savings clause
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