Which of the following recommendations would reduce the value of Ellen's Gross Estate if implemented (provided she lives at least 3 years from implementation)?

I. Transfer her life insurance policy into an ILIT.

II. Establish a 3 year TPPT for the paintings.

III. Marry Ed and use the marital deduction.

IV. Marry Ed and fund a testamentary family by-pass Trust.

A. I only

B. II only

C. I and II

D. II and IV

E. I, III, and IV