Well, I had understood that to be the case if the Disclaimer was filed within 9 months of the death of the testator. But now it has been a year. In Mississippi, there is no deadline due to a change in the state law July, 2020. But the nine month deadline still exists for the IRS.
So ... I had understood the price to be paid for waiting would be the requirement to include the 'gift' as a p/o your lifetime exclusion (less $15,000??) and be entered on the 709.
Do you think that to be incorrect?
Thank you for your expertise !
