Under his grandfather's will,Thad is entitled to receive shares of Kroger Corporation.For Federal tax purposes,Thad is allowed to disclaim some of these shares and accept the others.

Question

Quizplus · Accepted Answer

It is true that Thad is allowed to disclaim some of the shares he is entitled to receive under his grandfather's will and accept the others for federal tax purposes. This is known as a qualified disclaimer and can be used by beneficiaries to redirect assets to other beneficiaries or avoid unwanted tax consequences.

Under His Grandfather's Will,Thad Is Entitled to Receive Shares of Kroger