10. Belle owns the following property: 1. A personal residence titled as sole ownership fee simple valued at $400,000. A $500,000 life insurance policy on her own life. The named beneficiary is Belle's brother, Chip, who died six months ago leaving two children, Luke and Emma. A car valued at $20,000 titled JTWROS with Belle's mother. An IRA valued at $200,000 with Belle's mother as the named beneficiary. What is the current value of Belle's probate estate? a. $400,000. b. $900,000. c. $920,000. d. $1,320,000. 2. 3. 4.

10. Belle owns the following property: 1. A personal residence titled as sole ownership fee simplevalued at $400,000 2. A $500,000 life insurance policy on her own life. The named beneficiary is Belle's brother, Chip, who died six months ago leaving two children, Luke and Emma. 3. A car valued at $20,000 titled JTWROS with Belle's mother: 4. An IRA valued at $200,000 with Belle's mother as the named beneficiary. What is the current value of Belle's probate estate? a. $400,000. b. $900,000, c. $920,000, d. $1,320,000