Disclaimer Planning in Uncertain Times Under the Virginia Uniform Disclaimer of Property Interests Act

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Caitlin Orr and Travis Harrison authored this bylined article discussing how, under the right circumstances, it may be possible through one or more qualified disclaimers to unwind a gift transaction in whole or in part, including for federal transfer tax purposes, especially with thoughtful advance planning and careful drafting to take advantage of certain unique features of Virginia law. It also discusses how disclaimers may present planning opportunities for those with unused federal transfer tax exemptions remaining.