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I answered True. Please advise if I answered this correctly? Albert recently died, leaving his entire estate to his son, Silly. Silly, who has substantial
I answered True. Please advise if I answered this correctly?
Albert recently died, leaving his entire estate to his son, Silly. Silly, who has substantial wealth of his own, disclaims his inheritance within 9 months after Albert's death. As a result of Silly's disclaimer, Albert's entire estate instead passes to Albert's granddaughter, Corinne. The transfer of property from Albert's estate to Corinne is a generation-skipping transfer.
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