transform mtg cards What happens to equipment and counters when a card transforms in Magic the Gathering?

Release (August 4th):

Each FINAL FANTASY Collector Booster contains: 15 Magic: The Gathering cards 8-12 Traditional Foil cards, 0-3 of these cards may be Surge Foil Includes 5-6 cards of rarity rare or higher and 3-6 uncommons, 3-5 commons, and 1 land Collector Booster exclusive print treatment found in less than 1% of all language Collector Boosters Serialized cards exclusively found within less than 0.1% of English language Collector Boosters

Then if Frodo is your Ring-bearer and the Ring has tempted you two or more times this game, draw a card.

New glimmers, beloved Disney characters, and powerful cards provide even more strategic possibilities and a completely new playing experience

Considered by many to be overpowered cards when it comes to gameplay,