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In Each of the Following Independent Situations,describe the Effect of the Disclaimer

Question 167

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In each of the following independent situations,describe the effect of the disclaimer procedure on Jacob's taxable estate.In this regard,advise as to how much should be disclaimed,by whom,and whether a disclaimer should be made,for the death in 2008.
a.Jacob's will leaves $2,500,000 to his adult son and the remainder ($500,000) to Susan (Jacob's surviving wife).
b.Jacob's will leaves $2,500,000 to Susan (Jacob's surviving wife) and the remainder ($1,000,000) to his adult son.
c.Jacob's will leaves $2,500,000 to Susan (Jacob's surviving spouse) and the remainder ($500,000) to a qualified charity.
d.Jacob's will leaves $2,000,000 to Susan (Jacob's surviving spouse) and the remainder ($500,000) to a qualified charity. Included in the $2,000,000 scheduled to pass to Susan is an antique gun collection valued at $300,000. Susan abhors firearms.

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a.The son should disclaim $500,000.Since...

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