Nick, a single person, contributed $200,00 to an Irrevocable Life Insurance Trust (ILIT) to pay the annual premiums on a $4,000,000 life insurance policy on his life. There are 3 beneficiaries of the ILIT, each with 30 -day "crummey powers" to withdraw their proportionate share of any contribution to the trust up to Nick's annual exclusion limit for each beneficiary ($17,000ea.) Assuming the beneficiaries were notified of their crummey withdrawal rights and the trust was administered appropriately, how much of Nick's $13,000,000 gift/estate exclusion was used this year for the gifts of premiums to the trust? $200000 $51.000 $149.000 $151.000