Rhonda owns the following assets:Frank is a widower. He has a $$15\mathrm{.}3$ million estate

aremomf his insurance. His will leaves

$30\%$probate assets to each of his three

children, with the residue to his cousin, James.

that his estate may have liquidity

problems when he dies.

Which one of the following techniques is the

most appropriate to increase liquidity in Frank's

estate?

A$)$

Amend his will to place the undeveloped real

estate in an power of appointment trust

B$)$

Place the undeveloped real estate in a qualified

terminable interest property $($QTIP$)$ trust and

make the QTIP election

C$)$

Transfer existing life insurance policies to an

irrevocable life insurance trust with his children

as beneficiaries, which allows the trustee to

purchase some of the hard$-$to$-$sell property

from the estate and$/$or to loan funds to the

estate

D$)$

Change the beneficiary on his life insurance to

his estate

A residence owned with her husband as joint

tenants with right of survivorship

A solely owned closely held business that

comprises one$-$half of the value of her large

estate

A large collection of antique figurines

Rhonda's will bequests $$10,000$ to her only niece

and leaves the balance of her estate to her

husband if he survives her. Because Rhonda can

no longer obtain life insurance, she is looking for

other methods to provide the liquidity needed

for her estate.

Which of the following actions would have the

potential to improve the liquidity of Rhonda's

estate?

Retitling the residence she as tenants by the entirety

antique figurines the in her will to her niechusband could waive the executo of the following premortem actions can the l