If Hugh were to die suddenly today, which of the following statements would be true? 1 Barry would immediately be allowed to make all business decisions on Hugh's behalf, including those that previously required both of their input. 2 The proceeds of Hugh's $300,000 term insurance policy would not be subject to probate. 3 Doris would receive all of Hugh's estate assets. 4 His RRSP could be used to purchase a term annuity for the children. 5 The value of Hugh's share of the Cape Cod property would be subject to U.S. estate tax. 2, 3 and 5 2, 4 and 5 1, 2 and 3 2 and 4 only