David has a $1 million life insurance policy, and he wants to ensure the proceeds benefit his minor granddaughter, Amelia. David' son, Mat, is Amy's father. The proceeds can be invested at 10% and Mat has a 50% marginal tax rate. Which of the following recommendations is the BEST choice to ensure that Amy receives the most benefit from the insurance proceeds while she is still a minor? Question 18 options: David should name the public trustee as the beneficiary of the policy. David should name Mat as the beneficiary of the policy with the understanding that Mat is to use the proceeds for Amy's benefit. David should name Amy as the beneficiary of the policy. David should name a testamentary trust to be set up on Amy's behalf as the beneficiary of the policy