Wonder if this can be done after the fact. I know you can decline it but I’m not sure if you have a say on what happens to it after that.
Dumb question, can you decline your full portion of an inheritance and say you want it split between the other beneficiaries without the original person’s permission?
byu/Background-Golf4397 inpersonalfinance
Posted by Background-Golf4397
8 Comments
Why not just accept and then give it to them?
If you disclaim it, it goes back to the estate to be divided up.
If you receive it, you can gift it away to whomever you want
Just accept it and split it afterwards if that’s what you wanna do
If you disclaim, state law and the will determine how it is divided. It may not be split among the other beneficiaries. Just for example if you have kids, it may go to your kids.
Just take it and distribute it. If you really don’t want to deal with the receiving people directly a lawyer would probably do it for a fee.
You can just redistribute it after the fact. That’s why I did. My dad left me more money for having the first male.
Better to take it and distribute it yourself
In the US, any disclaimer must be done within 9 months of death.
You do not get to specify who gets what you disclaimed. That is controlled by state law and the will.
Much of estate law varies from US state to state, so you need to check the specifics for the state under which probate is being conducted.
My wife disclaimed her inheritance. Her two sisters received her share. She could have just accepted the inheritance and then gifted to her sisters but we will likely use all of our lifetime gift allowances. If you do not expect to have a taxable estate the simplest method is to accept the inheritance and then gift it as desired.