When Considering Joint Ownership of Assets for Estate Planning (Specifically

question 90

Multiple Choice

When considering joint ownership of assets for estate planning (specifically joint ownership with rights of survivorship) 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 a capital gain.

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