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1. A beneficiary of an estate may disclaim property.

True False

2. A donee may disclaim gifts from a donor made during the donor's life.

True False

3. If a person properly disclaims property, then it is treated as if the property went to the disclaiming party first and the recipient party second.

True False

4. If the disclaimer is valid, the property generally will pass to a contingent beneficiary or to the residue of the estate.

True False

5. A qualified disclaimer can be made orally, just like an oral contract.

True False

6. A person who disclaims property can direct that the property pass to charity since charity is not a disqualified person.

True False

7. The use of disclaimers in an estate plan offers a great deal of flexibility to individuals.

True False

8. Naming a charity as a contingent beneficiary of property decreases the flexibility of an estate plan.

True False

9. A qualified disclaimer must disclaim a 100% interest in the property.

True False

10. A surviving spouse cannot disclaim if the property would pass to a trust of which he or she is the beneficiary.

True False

Basic Quiz - 1.3.5 Disclaimers