For married couples with total assets (including insurance benefits) totaling $2-$5 million, a disclaimer trust (otherwise known as a “wait and see” trust) may prove to be the simplest way for you to retain control over your assets and limit paperwork and tax filings while still preserving your valuable estate tax exemption in the event that we hurtle over the fiscal cliff.
The disclaimer trust is not generally appropriate for blended families with children from previous relationships. Additionally, for higher net worth families with assets over $5 million, advanced strategies are appropriate and should be discussed with your financial advisor, CPA or estate planning attorney.
ESTATE PLANNING: When To “Wait And See” With A Disclaimer Trust – Gazettes.com: News