Wendy and Will Wolverine ate both age 45. They met in Ann Arbor and never loft They have three children ages 1915, and 12 Wendy is a physician in practice who works part-time but sum has gonerous benefits Will is a professor of economics at the University of Michigan ches a Wolverine after all) and he fus participaedia University 5 103(b) program by maximizing his contributions which are generously matched by the University. They have some other tal money but really muy interested in saving in their respective retirement plans Their assets are as follows House fentiretes net of mortgage) $350,000.00 225.00000 Cash and Investments (JTWROS) Wendys 401(kyProfit Sharing Plan 350,000.00 Wills 403b) Plan 475,000.00 Wendys Life Insurance 500,000.00 Will Life Insurance 250.000.00 Total Assets $2,150,000.00 Who should be the beneficiaries of the IRAs? What about trusts for the children? How should they be structured for me tax deferral for each Wendy and Will Wolverine ate both age 45. They met in Ann Arbor and never loft They have three children ages 1915, and 12 Wendy is a physician in practice who works part-time but sum has gonerous benefits Will is a professor of economics at the University of Michigan ches a Wolverine after all) and he fus participaedia University 5 103(b) program by maximizing his contributions which are generously matched by the University. They have some other tal money but really muy interested in saving in their respective retirement plans Their assets are as follows House fentiretes net of mortgage) $350,000.00 225.00000 Cash and Investments (JTWROS) Wendys 401(kyProfit Sharing Plan 350,000.00 Wills 403b) Plan 475,000.00 Wendys Life Insurance 500,000.00 Will Life Insurance 250.000.00 Total Assets $2,150,000.00 Who should be the beneficiaries of the IRAs? What about trusts for the children? How should they be structured for me tax deferral for each