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    mpatrick1961's Avatar
    mpatrick1961 Posts: 1, Reputation: 1
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    #1

    Oct 8, 2008, 01:36 PM
    Non spouse beneficiary of 401k
    I am the beneficiary of my fathers 401k. I am told there is something called a qualified disclaimer that I can do so that the 401k can be put in the estate account and split with my siblings, is there such a disclaimer and how would I go about doing this? If I do this will I be responsible for the taxes on this money or would the taxes come out of the estate when it is settled?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Oct 9, 2008, 07:29 AM
    Patrick:

    Yes, such a qualified disclaimer IS possible.

    However, such a complex tax issue is not one to be answered on a tax forum. Go seek the advice of a qualified tax pro who has experience in both income and estate taxes.
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