Question

C. prospectus. d. balance sheet. When considering joint ownership of assets for estate planning (specifically joint with rights of survivorship) it is important to understand OW Select one: a. the implications of giving up your decision making power over the asset. b. that capital gains taxes will be deferred on this transaction until the survivor pas c. how the spousal roll-over rules will impact capital gains taxation d. that naming a child as a joint owner of your principal residence will trigger aca gain hp

please answer the queation

Answer 1

a) It is important to understand the implications of giving up the decision power over the asset (this is because giving up decision-making power for assets can be used as a strategy by the counterparty to deprive those on the other side who has given up the deicison making power