In terms of the Federal income and transfer taxes, comment on what is accomplished in the following disclaimer situations occurring in 2021.

a. Lester dies without a will and is survived by a daughter, Nora, and a grandson, Nick. The major asset in Lester’s estate is stock worth $3,500,000. Nora is already well-off and in ill health, so she disclaims Lester’s property.

b. Under her will, Audrey’s estate is to pass $16,000,000 to her son, Raymond, and the $3,000,000 remainder to her husband, George. Raymond disclaims $4,300,000 of his inheritance.

c. Under Isaac’s will, $4,000,000 is to pass to his wife Brenda, and the $9,000,000 remainder to his daughter Sybil. Brenda disclaims $2,700,000 of her inheritance.

d. Under Tricia’s will, her $3,000,000 cubist art collection is to pass to her husband, Leroy. If Leroy disclaims the collection, it passes to the San Francisco Museum of Modern Art. Leroy neither understands nor admires this type of art.