14. Françoise has just inherited $90,000. In the event of her own death, she would like to leave this money to ensure the financial security of her son Maxime He is 18 years old and recently entered college to study philosophy. Françoise is a self-employed landscaper and snow removal contractor. She recently had to take out loans to upgrade her equipment. Françoise is not sure whether she should invest her inheritance in a segregated fund with Maxime as the beneficiary or build an equity portfolio with better returns. Her priority is to provide for her son's future. If she were to one day declare bankruptcy, would the two investments Françoise is considering be protected from creditors? O Only the segregated fund would be protected. Only the equity portfolio would be protected. Both investments would be protected. Neither investment would be protected. Choose 1 option
14. Françoise has just inherited $90,000. In the event of her own death, she would like to leave this money to ensure the financial security of her son Maxime He is 18 years old and recently entered college to study philosophy. Françoise is a self-employed landscaper and snow removal contractor. She recently had to take out loans to upgrade her equipment. Françoise is not sure whether she should invest her inheritance in a segregated fund with Maxime as the beneficiary or build an equity portfolio with better returns. Her priority is to provide for her son's future. If she were to one day declare bankruptcy, would the two investments Françoise is considering be protected from creditors? O Only the segregated fund would be protected. Only the equity portfolio would be protected. Both investments would be protected. Neither investment would be protected. Choose 1 option
Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
7th Edition
ISBN:9780357033609
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Chapter15: Preserving Your Estate
Section: Chapter Questions
Problem 6FPE
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Transcribed Image Text:14. Françoise has just inherited $90,000. In the event of her own death, she would like to leave this money to ensure the financial security of her son Maxime
He is 18 years old and recently entered college to study philosophy. Françoise is a self-employed landscaper and snow-removal contractor. She recently
had to take out loans to upgrade her equipment. Françoise is not sure whether she should invest her inheritance in a segregated fund with Maxime as the
beneficiary or build an equity portfolio with better returns. Her priority is to provide for her son's future.
If she were to one day declare bankruptcy, would the two investments Françoise is considering be protected from creditors?
Only the segregated fund would be protected.
Only the equity portfolio would be protected.
O Both investments would be protected.
ONeither investment would be protected.
Choose 1 option
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