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Re: Manhattan Club Lawsuit

All or virtually all states have disclaimer statutes; and there is also a Federal law Code Section 2518, that provides for a “qualified disclaimer” to be done within 9 months after death. The bottom line is that while you generally cannot disclaim a specific asset liKe your TMC ownership, it CAN be done if it is VERY carefully and narrowly drafted so that upon disclaimer, it goes back to the TMC itself, with the Will providing that it does NOT dispose of the deceased’s TMC interest. As a N.Y. estates lawyer for nearly 50 years, I can (without technically offering a “legal opinion!”) assure you it CAN be done—