Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which technique matches a parents objective? Select one: a. A parent who wants to save for a childs education in a tax-advantaged education account should

Which technique matches a parents objective?

Select one:

a. A parent who wants to save for a childs education in a tax-advantaged education account should consider establishing a 529 plan.

b. A parent who wants to distribute income to one child and the principal to another should establish a UTMA account

c. A parent who wants to transfer real property to a child but does not want to pay for the expense of creating a trust should establish a UGMA account

d. A parent who wants to take an annual exclusion of $65,000 this year should establish a 2503(c) trust

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Fiscal Impact Handbook

Authors: David Listokin

1st Edition

1138535672, 978-1138535671

More Books

Students also viewed these Finance questions