All of the following statements regarding liquidity planning for estates are correct, except:
Group of answer choices
Insurance proceeds in an ILIT are included in the insured’s probate estate if they are used to pay postmortem expenses.
Insurance proceeds are included in the insured’s estate if the trustee is obligated to purchase estate assets.
An ILIT that owns a life insurance policy can make loans to the estate for adequate interest and security.
An ILIT can purchase assets from the estate at FMV