Chad Badd dies. In his will he leaves all of his $$12,000,000$ ?estate to his girlfriend, Holly Homewrecker. His wife, Charity, is not only shocked to find out about Holly, but is devastated because she is completely left out of Chad's will. She consults an attorney who informs her that she can elect against Chad's will and take a $\frac{1}{3}$ ?rd statutory share of his estate. Which of the following are correct?

Charity's statutory share replaces her common law right of dower.

If Charity elects to take her statutory share she will receive $$4,000,000.$

If Charity elects to take her statutory share, her $$4,000,000$ ?statutory share will not be included in Chad's Gross Estate.

If Charity elects to take her statutory share, her $$4,000,000$ ?statutory share will not reduce the value of Chad's Gross Estate

All of the above are correct except the third choice.