Which of the Following Procedures Carried Out Will Reduce Both

question 83

Multiple Choice

Which of the following procedures carried out will reduce both Mary's future gross estate and her probate estate?

• A)Mary creates a revocable trust naming her children as the beneficiaries.
• B)Mary issues a timely disclaimer as to real estate that is willed to her by her grandfather.
• C)Alan (Mary's surviving husband) takes out an insurance policy on Mary's life and names himself as the beneficiary.
• D)One year before her death, Mary gives an insurance policy on her life to her son, the designated beneficiary.
• E)Mary purchases real estate as joint tenants with her sister. Mary predeceases her sister.

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