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Assume that hoanne has a taxable estate of 5,000,000 and she creates an irrevocable life insurance trust to own a 2,000,000 life insurance ploicy. at

Assume that hoanne has a taxable estate of 5,000,000 and she creates an irrevocable life insurance trust to own a 2,000,000 life insurance ploicy. at the time of her death, what would be the size of her taxable estate?

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