78 Your client Adam has a mutual fund portfolio with an adjusted cost base of $450,000 and a market value of $650,000. Adam is considering adding his daughter Priscilla as joint tenant with right of survivorship (TWROS) to the account He intends that she will immediately become the beneficial owner of her 50% share. He asks you about the pros and cons of his decision What would you tell Adam? Oa) b) 00 There will be no savings on probate fees when he passes away, There will be no tax savings, as the entire Income from the portfolio will continue to be taxed in his hands As Priscilla is a blood relation, there will be no tax implications, Adding Priscilla will result in a deemed disposition which will trigger a capital gain of $100,000 Od)