How much should be disclaimed

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Problem 1: In each of the following independent taxable situations, describe the effect of the disclaimer procedure on Ron's estate. In this regard, advise as to whether a disclaimer should be made, how much should be disclaimed, and by whom. All events occur in 2020.

a. Ron's will leaves $12,000,000 to his adult son Phil and the remainder ($900,000) to Rita (Ron's surviving wife).

b. Ron's will leaves $12,000,000 to Rita (Ron's surviving wife) and the remainder ($2,000,000) to his adult daughter Phyllis.

Reference no: EM132788503

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