Dis 7


100 words and reference 

1. Discuss the use of an ILIT to receive an existing life insurance policy that insured the life of the donor and how that technique can result in the exclusion of the life insurance policy from the donor's federal gross estate.

2. Discuss the features of a life insurance policy, including the incidents of ownership of a policy, how policies are assigned, how dividends are paid on policies, and what types of rider benefits can be optional features.

3. Review the gift and estate tax deductions for charitable contributions to a qualified charitable organization.

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