The Yin and Yang of Disclaimers
Kristi N. Elsom
54 PROBATE& PROPERTY MAY/JUNE 2002 Yin and Yang is an ancient Chinese concept of balance and continual change—the lofty goals of every estate planner. The easiees way to incorporate this concept is through the use of a disclaimer. Disclaimers can “Yin” by balancing unintended distributions created by survivorship designations, creditor problems, and scrivener’s errors and can “Yang” by changing the ultimate recipient in order to use tax exemptioons credits, and deductions. As the details of the...