Which,if Any,of the Following Procedures Reduces Both Ned's Gross Estate

question 17

Multiple Choice

Which,if any,of the following procedures reduces both Ned's gross estate and probate estate?

• A)Ned purchased a CD listing title as "Ned,payable on proof of death to Eileen." Eileen is Ned's niece.
• B)Four years ago,Ned named his wife as the designated beneficiary of his IRA.(Previously,Ned's estate was the designated beneficiary. )
• C)Using her funds,Ned's wife purchased real estate listing herself and Ned as "tenants by the entirety with right of survivorship."
• D)Two years ago,Ned made a gift of an insurance policy on his life to his daughter (the designated beneficiary).
• E)None of the above.