Cody and Reese were married years ago and had one child, Amber. Cody and his longtime friend, Kandi, were recently flying in Kandis new plane. For a brief period, Kandi was distracted and lost control of the plane. Unfortunately, the plane crashed and Kandi died instantly and Cody died a few days later as a result of the injuries sustained during the crash.

When Cody died, he and Reese owned the following property:

Home valued at $500,000 held tenancy by the entirety.

Car 1 valued at $10,000 owned solely by Cody.

Car 2 valued at $15,000 owned as JTWROS by Cody and Amber.

Diamond ring valued at $50,000 held solely by Reese.

Boat valued at $20,000 held tenancy in common by Cody and Amber.

Life Insurance Policy 1 on Reeses life, owned by Cody. The fair market value of the policy was $100,000 and the death benefit was $200,000. The beneficiary is Amber.

Life Insurance Policy 2 on Codys life, owned by Cody. The fair market value of the policy was $85,000 and the death benefit was $500,000. The only beneficiary is Kandi.

IRA account valued at $2,000,000 owned by Cody with Amber as the beneficiary.

Irrevocable Trust established by Cody for the benefit of Amber created five years ago. The trust is valued at $500,000 and Amber is the beneficiary at Codys death. Please help calculate probate estate in the box below assuming equal contributions were made by all parties for jointly owned property.

Please help calculate Codys probate estate in the box below. Unless otherwise stated, assume equal contributions were made by all parties for jointly owned property.

\begin{tabular}{|l|l|l|l|} \hline \multicolumn{1}{|c|}{ Asset } & FMVatDateofDeath & FMVofCodysInterest(GrossEstate) & AmountIncludedintheProbateEstate \\ \hline Home & & & \\ \hline Car 1 & & & \\ \hline Car 2 & & & \\ \hline Diamond Ring & & & \\ \hline Boat & & & \\ \hline Life Insurance 1 & & & \\ \hline Life Insurance 2 & & & \\ \hline IRA Total & & & \\ \hline Trust & & & \\ \hline \end{tabular}