Question
Maxwell and Jane have lived together for several years, but they arent married. As such, they cannot rely on the state intestacy laws to transfer
Maxwell and Jane have lived together for several years, but they arent married. As such, they cannot rely on the state intestacy laws to transfer assets to each other at the death of either. Additionally, Maxwell is concerned that if he dies first, his family may contest the transfer of his assets to Jane through his will, so he wants to avoid any transfers through his will. Which of the following transfer arrangements would ensure that Maxwells assets will be transferred to Jane at Maxwells death? 1. A Qualified Personal Residence Trust (QPRT). 2. An Irrevocable Trust. 3. A Revocable Living Trust. 4. A Testamentary Trust.
2 only. | ||
1 and 3. | ||
2 and 4. | ||
1, 2, and 3. |
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