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With the election looming, George is concerned that the president will reduce the lifetime gift tax exclusion back down to $5 million next year. He

With the election looming, George is concerned that the president will reduce the lifetime gift tax exclusion back down to $5 million next year. He is contemplating obtaining a $3 million wholelife policy to cover the potential estate taxes the may result in the decreased lifetime exemption. How can he struture the policy to keep the proceeds outside of his estate and not use up any of his lifetime exemption

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