Consider the following statement of financial position for Robert and Amy, a married couple with no children. They reside in a common$-$law property state. $($Note: JT means property held as joint tenants with right

of survivorship between

Robert and Amy; client name $=$ separate

property.$)$

Robert and Amy's Statement of Financial Position

Assets Liabilities

Cash$/$checking account $($JT$)$ $$55,000$ Mortgage note $($JT$)$ $$1,571,190$

Life Insurance cash value $($Amy$)1$ $$2,393$ Automobile loan $($JT$)$ $$20,000$

Common stock $($JT$)$ $$710,000$

Mutual fund $($Robert$)$ $$816,000$

Collectibles $($Robert$)$ $$13,500$

Pension plan $($Amy$)2$ $$10,800$

IRA $($Robert$)3$ $$755,430$

Residence $($JT$)$ $$12,700,000$

Automobiles $($JT$)$ $$28,800$

Personal property $($JT$)$ $$65,000$

Total assets $$15,156,923$ Total liabilities $$1,591,190$

Net worth $$13,565,733$

Liabilities and net worth $$15,156,923$

$1$Robert is the named beneficiary; Amy's estate

is contingent beneficiary.

$2$Robert is the named beneficiary; Amy's mother is contingent beneficiary.

$3$Amy is the named beneficiary; Robert's estate is contingent beneficiary.

If Robert dies first, what will be the amount of his probate estate:

a$)$

$$829,500$

b$)$

$$0$

c$)$

$$1,584,930$

d$)$

$$15,156,923$