David, age 55, and Jessica, age 53, have been married for 22 years. They do not live in a community property state and have a son, Milton, age 17. David separately owns $50,000 in assets. He also possesses tenants by the entirety property with Jessica in the amount of $400,000. David also owns a $300,000 life insurance policy for which his estate is the beneficiary. Upon David's death, which of the assets will be subject to probate? Please provide a brief description as to why.