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Question #2 of 85 If a transferor is concerned about shielding his assets from a creditor, which of the following transfer techniques should he utilize? He should create a testamentary bypass trust....

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Question #2 of 85

If a transferor is concerned about shielding his assets from a creditor, which of the following transfer techniques should he utilize?

  1. He should create a testamentary bypass trust.
  2. He should transfer his assets to an UTMA for his minor child.
  3. He should transfer his assets to a Section 2503(c) minor's trust and name an independent trustee.
  4. He should execute a payable on death designation on his bank account.
 
 
A)
II, III, and IV
 
 
B)
II and III
 
 
C)
I, III, and IV
 
 
D)
II only
Answered 40 days After Jun 11, 2022

Solution

Ayushi answered on Jul 22 2022
69 Votes
Question #2 of 85
Question #2 of 85
If a transferor is concerned about shielding his assets from a creditor, which of the following transfer techniques should he utilize?
He should create a testamentary bypass trust.
He should transfer his assets to an UTMA for his minor child.
He should transfer his assets to a Section...
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