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The best life insurance policy for the payment of federal estate taxes for a 55-year-old couple with illiquid assets is:__________ A. AN individual whole life policy on each spouse on a cross-ownership basis B. A joint first to die life insurance policy owned jointly C. A jount last to die insurance policy owned by the spouse with the larger estate D. A joint and last to die insurance policy owned be an irrevocable life insurance trust

Respuesta :

Answer:

D. A joint and last to die insurance policy owned be an irrevocable life insurance trust

Explanation:

the fair market value of all real and personal property owned at death, transfers with a retained life estate, transfers taking effect at death, revocable transfers, annuities, joint interests, certain powers of appointment, and certain proceeds of life.

Jen2praise

Answer:

D

Explanation:

Answer: d) A joint and last-to-die life insurance policy owned by an irrevocable life insurance trust.

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