Assume that Michelle has a taxable estate of $5,000,000 (this is the amount above the exclusion) and she creates an Irrevocable Life Insurance Trust (ILIT) to own a $2,000,000 life insurance policy. At the time of her death, what would be the size of her taxable estate?

	A.	Her taxable estate would be $0.
	B.	Her taxable estate would be $3,000,000.
	C.	Her taxable estate would be $5,000,000.
	D.	Her taxable estate would be $7,000,000.