HLLQP- life insurance

30 > 11 William plans on leaving his cottage, valued at $400,000, to his son, Ricky. The tax liability on the cottage that will be triggered by William's death will be $75,000. In order to be fair to his daughter, Martina, William wants to leave an equal value amount through life insurance. Finally, William's brother, Derek, was assessed unfit to manage his financial affairs. William provides Derek with financial support. William would like the financial support he gives to his brother to continue even following the event of his death. It was determined that an amount of $300.000 will meet this specific goal. Who would be the most appropriate beneficiary for the various amounts needed to realize William's wishes? a. The estate as beneficiary of the $75,000 for tax liability; Martina as beneficiary of $400,000; Derek as beneficiary of the $300,000 amount. b. ) The estate as the beneficiary for $475,000 and a trust for the benefit of Derek as beneficiary of the $300,000 amount. Ricky as beneficiary of the $225,000 for tax liability; and Martina as beneficiary of $475,000 requiring them to provide support for Derek. d. O "The estate as beneficiary of the $75,000 for tax liability; Martina as beneficiary of $400,000; a trust for the benefit of Derek as beneficiary of the $300,000 amount