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. | Kati and Karli would be appropriate trust protectors. |
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. | Because of the blended family, generational subtrusts may be appropriate. |
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