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Assets: - Cash - JTWROS 65,000$ W - Home Mortgage 37,000$ H - Cash 2,500$ J - Credit Card 4,000$ W - Cash 6,000$ Total
Assets:
- Cash - JTWROS 65,000$ W - Home Mortgage 37,000$ H - Cash 2,500$ J - Credit Card 4,000$ W - Cash 6,000$ Total Liabilities 41,000$ W - Home - Fee Simple 416,000$ W - 401K 460,000$ H - 401K 90,000$ Net Worth 1,738,500$ W - Investment Acccount 1 45,000$ W - Investment Acccount 2 - TOD 115,000$ H - Term Life Insurance 1 (through Work) 500,000$ H - Term Life Insurance 2 40,000$ W - Term Life insurance 3 40,000$ Total Assets 1,779,500$ Total Liabilities & Net Worth 1,779,500
1) Calculate the gross estate.
2) Calculate the probate estate
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