The best life insurance policy for the payment of federal estate taxes for a 55-year-old couple...

The best life insurance policy for the payment of federal estate taxes for a 55-year-old couple with illiquid assets is A. AN individual whole life policy on each spouse on a cross-ownership basis B. A joint first to die life insurance policy owned jointly C. A jount last to die insurance policy owned by the spouse with the larger estate D. A joint and last to die insurance policy owned be an irrevocable life insurance trust

Expert Solution

A joint and last-to-die life insurance policy owned by an irrevocable life insurance trust.

THE ABOVE IS ANSWER..

because it would enable them to pay the taxes till survival

jeff jeffy answered 2 years ago

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