(12) George purchased a life insurance policy for $100,000 and named his wife Gracie as beneficiary. Together they bought a home worth $300,000 as joint tenants with right of survivorship. In addition, George owned a vacation home worth $200,000 which he conveyed by deed to their daughter Barbara during his last illness. He also owned stocks and bonds worth $100,000. In his will, George left his entire estate to his daughter. When Gracie claimed her elective 50% share, what was the total value of the assets she would receive? o $450,000 o $500,000 and Why