Laws, Regulations & Annotations
Property Taxes Law Guide – Revision 2014
Property Tax Annotations
625.0000 PARENT-CHILD TRANSFER
625.0082 Disclaimer. The parent-child exclusion may apply in a distribution of property from a father's trust estate to his three children where two children quitclaim their interests. However, an agreement between the children in which the two children receive consideration for disclaiming their interests is not a valid disclaimer and would result in a reassessment of the interests transferred from the two children to the third child. C 10/1/2004.