Question: Frank is a widower. He has a $ 1 7 . 2 million estate consisting primarily of undeveloped real estate and life insurance. His children

Frank is a widower. He has a $

17.2

million

estate consisting primarily of undeveloped real estate and life insurance. His children are the beneficiaries of his life insurance. His will leaves $

900, 000

of probate assets to each of his three children, with the residue to his cousin, James. Frank learned that his estate may have liquidity problems when he dies.

Which one of the following techniques

is the most appropriate to increase liquidity in Frank's estate?

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