Labels:book | reckoner | sky OCR: requirements also is tax-free because . disclaimer is a refisal accept property initio 1976, when Congress enacted the new disclaimer rule ir Section 2518, requiring disclaimer nine months after the transfer creating the interest T the person disclaiming. provided that the new rule would apply orly disciaimers interests created after 76 atter enactment of the new rule Pub 94. 155 2009e2 Stat 1893. Similarly. when Cangress amended Section 2518 1981 the amendments applied only disclaimers Although the new disclaimer rule for post- -1942 powers SEM not eracted iun 1951. had grandfathered in pre-1942 power in the 1942 Act bi praviding that such could be released tax- free ani time before January 1943 and axtended that date several times unti finally enacting 1951 sct ch 120, 10 Stat 150 (examp ...
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