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19-36 (LO. 7) At the time of her death, Ariana held the following assets. Personal residence (title listed as Ariana and Peter, tenants by the
19-36 (LO. 7) At the time of her death, Ariana held the following assets. Personal residence (title listed as "Ariana and Peter, tenants by the entirety with right of survivorship") Savings account (listed as "Ariana and Rex, joint tenants with right of survivorship") with funds provided by Rex Certificate of deposit (listed as "Ariana, payable on proof of death to Rex") with funds provided by Ariana Fair Market Value $900,000 40,000 100,000 Unimproved real estate (titie listed as "Ariana and Rex, equal tenants in 500,000 common") Insurance policy on Ariana's life, issued by Lavender Company (Ariana's estate 300,000 is the designated beneficiary) Insurance policy on Ariana's life, issued by Crimson Company (Rex is the designated beneficiary, but Ariana can change beneficiaries) 400,000 Assuming that Peter and Rex survive Ariana, how much is included in Ariana's probate estate? Ariana's gross estate? (Refer to text Section 18-3a as needed.) Ariana's probate estate includes Ariana's gross estate includes s
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