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Which of the following statements is false concerning ILITs? A . Including a Crummey provision allows the premium to be considered a present interest gift.
Which of the following statements is false concerning ILITs? A Including a Crummey provision allows the premium to be considered a present interest gift. B Insurance policy owned by ILITS are a solution for the insured to avoid estate tax on the insurance proceeds. C An ILIT can have multiple beneficiaries. D The ILIT can not serve as a source of liquidity for the insured's estate. 
Which of the following statements is false concerning ILITs?
A Including a Crummey provision allows the premium to be considered a present interest gift.
B Insurance policy owned by ILITS are a solution for the insured to avoid estate tax on the insurance proceeds.
C An ILIT can have multiple beneficiaries.
D The ILIT can not serve as a source of liquidity for the insured's estate.
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Comparative Public Budgeting
Authors: George M Guess
2nd Edition
1316648109, 978-1316648100
