When Considering Holding Assets as Joint Ownership with Rights of Survivorship

question 32

Multiple Choice

When considering holding assets as joint ownership with rights of survivorship for estate planning purposes,it is important to understand

• A)that capital gains taxes will be deferred on this transaction until the survivor passes.
• B)how the spousal roll-over rules will impact capital gains taxation.
• C)the implications of giving up your decision making power over the asset.
• D)that naming a child as a joint owner of your principal residence will trigger capital gains taxes.

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