A revocable living trust O Cannot have as its Trustee, the person creating the Trust Must utilize the Stableford method of accounting on an annual basis Must be led of record with the county clerk's office much like a real estate deed All of the above None of the above Question 21 Which of the following situations will result in the proceeds of life insurance being taxable income to the recipient? HINT (not taxed in the estate - INCOME to the recipient) The proceeds are paid to the decedent's estate, because the hand oonchcianes predeceased the insured. The proceeds are paid to the insured's ex-souse. The proceeds are paid to a leider because the insured used the police for and then defaulto, Within three years of his death, the insured save the policy to be on what the priceeds