Question
At the time of his death Jason had the following assets: Home owned jointly with rights of survivorship with his wife Sally, valued at $500,000.
At the time of his death Jason had the following assets:
Home owned jointly with rights of survivorship with his wife Sally, valued at $500,000.
Stock account in his individual name, valued at $250,000.
Life estate received from his mother, Judy, in a family vacation home. The home is worth $1,000,000. Jason's sister Toby is the remainder beneficiary.
IRA worth $750,000. His wife Sally is the primary beneficiary.
What is the value of assets that will be subject to probate at Jason's death?
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Practical Financial Management
Authors: William R. Lasher
8th edition
1305637542, 978-1305887237, 1305887239, 978-1305637542
