Question
Kenny is thinking about transferring his investment portfolio and the bungalow to a dynasty trust for the benefit of his natural heirs. Which of the
Kenny is thinking about transferring his investment portfolio and the bungalow to a dynasty trust for the benefit of his natural heirs. Which of the following statements is correct?
A. Kenny cannot transfer the investment portfolio without Kati and Karlis consent.
B. Dynasty trusts allow assets to pass from generation to generation without the imposition of gift, estate or GST tax.
C. Kenny can name himself as the trustee and continue to make all of the business decisions for the Bungalow during his life while removing the assets from his gross estate.
D. Kati and Karli would be appropriate trust protectors.
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