4. Over-utilization of jointly-owned property is a common estate planning mistake for all of the following reasons except: ,A. Probate cannot be avoided. ,B. Estate tax planning may not be effective. ,C. There is a possibility of imposing a double estate tax on the property. ,D. The property cannot be disposed of by the decedent owner’s will. ,,5. Although life insurance is an invaluable asset for facilitating many estate planning objectives, improperly owning life insurance may create which of the following estate planning problems: ,I. Cause the death benefit proceeds to be included in the owner/beneficiary’s gross estate. ,II. Cause the cash value of the life insurance policy to be included in the owner/insured’s gross estate. ,III. Cause the death benefit proceeds and the cash value to be included in the owner/insured’s gross estate. , A. II an III, B. I and III,C. I, II and III ,D. None of the above. ,
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