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At the time of his death, Nate, a married man, owned the following property: -A personal residence titled tenant by the entirety valued at $500,000

At the time of his death, Nate, a married man, owned the following property:

-A personal residence titled tenant by the entirety valued at $500,000

-A $500,000 life insurance policy on his own life. The only named beneficiary is Nates brother Jaime, who died 6 months ago leaving two children, Michael and Kristi.

-A car valued at $15,000 titled JTRWROS with Nates mother.

-An IRA valued at $400,000 with Nates wife as the named beneficiary.

What is the value of Nates probate estate?

A. $500,000

B. $1,000,000

C. $1,400,000

D. $1,415,000

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