All of the following statements regarding a qualified disclaimer are correct except:

For federal tax purposes, the disclaimant is regarded as never having received the property and is treated as if he predeceased the transferor.

Disclaimed property that is transferred to a person who is two or more generations below the decedent may be subject to a GST tax, depending on the amount of GST tax exemption allocated to the transfer.

A Disclaimer Trust will bypass inclusion in the surviving spouse$$s taxable estate.

Property that is disclaimed by the surviving spouse receives a marital deduction in the decedent spouse$$s estate.