Five months after conveying their residence to their daughters, Debtors filed a petition for Chapter 7 bankruptcy. The bankruptcy trustee moved to set aside Debtors conveyance of their home to their daughters as a fraudulent transfer.

1. What is a fraudulent transfer?
2. Is the home that the debtors transferred to their children an asset of the bankruptcy estate?
3. Did the debtors act ethically in this case?