Missouri Disclaimer of Warranties - Horse Equine Forms

1a : a denial or disavowal of legal claim : relinquishment of or formal refusal to accept an interest or estate. b : a writing that embodies a legal disclaimer. 2a : denial, disavowal. b : repudiation.

When you receive a gift from someone's estate, you can refuse to accept the gift for any reason. This is called disclaiming the gift, and the refusal is called a disclaimer. When you disclaim a gift, you do not get to decide who gets it. Instead, it passes on to the next beneficiary, as if you did not exist.

A "Disclaimer Will", sometimes referred to as a "Disclaimer Trust", is a flexible estate planning tool that can be implemented to benefit married couples whose combined estates are approaching or exceed the lifetime exemption amount for federal estate tax, resulting in substantial tax savings to the estate of the

In law, a disclaimer is a statement denying responsibility intended to prevent civil liability arising for particular acts or omissions. Disclaimers are frequently made to escape the effects of the torts of negligence and of occupiers' liability towards visitors.

A qualified disclaimer is a part of the U.S. tax code that allows estate assets to pass to a beneficiary without being subject to income tax. Legally, the disclaimer portrays the transfer of assets as if the intended beneficiary never actually received them.

Disclaim, in a legal sense, refers to the renunciation of an interest in, or an acceptance of, inherited assets, such as property, by way of a legal instrument. A person disclaiming an interest, right, or obligation is known as a disclaimant.

A disclaimer is essentially a refusal of a gift or bequest.Disclaimers typically arise in the context of postmortem estate planning where a beneficiary may desire to make a qualified disclaimer under Sec. 2518 to achieve certain tax results such as qualifying for a marital deduction.

Disclaimer of interest, in the law of inheritance, wills and trusts, is a term that describes an attempt by a person to renounce their legal right to benefit from an inheritance (either under a will or through intestacy) or through a trust. A disclaimer of interest is irrevocable.