Things can get tricky when a death interferes with a family business. By using smart disclaimers in conjunction with the will and other legal documents, you can make sure things go the way the deceased would want them to.
For example, say you own half of your husband's stock and then inherit the other half: By disclaiming that bequest and passing it on to your son or daughter, you can make him or her the sole stockholder by selling your own shares.
Or, if there's a shareholder agreement that says only certain people are allowed to own stock, a nonpermitted person inheriting that stock would have to sell immediately. By smart use of disclaimers, you can cause this money to pass to a nonpermitted person, forcing the sale, or to a permitted shareholder, keeping the stock in the family.