Excerpt: A disclaimer works with the tax law because it creates a fiction, says Jere Doyle, senior vice president of Mellon Financial's Private Wealth Group. In the eyes of the IRS, the person disclaiming is considered dead. The concept is not as morbid as it sounds. 'For tax purposes, the person disclaiming is deemed to have predeceased the IRA owner, which allows all or part of the account to pass to the contingent beneficiary,' Doyle explains.  MORE >>