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If a transferor is concerned about shielding his assets from a creditor, which of the following transfer techniques should he utilize? He should create a
If a transferor is concerned about shielding his assets from a creditor, which of the following transfer techniques should he utilize?
- He should create a testamentary bypass trust.
- He should transfer his assets to an UTMA for his minor child.
- He should transfer his assets to a Section 2503(c) minor's trust and name an independent trustee.
- He should execute a payable on death designation on his bank account.
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