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 2503(c) minor's trust and name an independent trustee. 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

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 2503(c) minor's trust and name an independent trustee. 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

Administration Of Wills/Trusts/ And Estates

5th Edition

ISBN:9781285281308

Author:Brown

Publisher:Brown

Chapter8: Trusts

Section: Chapter Questions

Problem 5SYPS

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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.
He should transfer his assets to an UTMA for his minor child.
He should transfer his assets to a Section 2503(c) minor's trust and name an independent trustee.
He should execute a payable on death designation on his bank account.

II, III, and IV

II and III

I, III, and IV

II only

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