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3. What is the impact of the survivorship clause in Robert's will? 4. Robert and Lisa are considering the purchase of a joint and survivor

3. What is the impact of the survivorship clause in Robert's will? 4. Robert and Lisa are considering the purchase of a joint and survivor (second-to-die) life insurance policy for the purpose of wealth replacement for the assets that were transferred to the CRAT and to help to create estate liquidity. Discuss the most appropriate way to own the joint and survivor life insurance

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