Question
Al's estate is comprised of the following assets: $400,000 residence owned as a tenancy-by-the-entirety $300,000 brokerage account transfer on death to the surviving spouse $50,000
Al's estate is comprised of the following assets: $400,000 residence owned as a tenancy-by-the-entirety $300,000 brokerage account transfer on death to the surviving spouse $50,000 bank account solely owned by Al $200,000 life insurance policy payable to the surviving spouse. Al's will transfers all assets to the surviving spouse. What is the value of Al's probate estate?
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Law and Ethics in the Business Environment
Authors: Terry Halbert and Elaine Ingulli
8th edition
9781305177871, 1285428560, 1305177878, 978-1285428567
