Jack and Michelle created an irrevocable trust in $2015$ with approximately $$30$ million of assets, and they are the primary income beneficiaries of the trust income. Upon both of their deaths, the trust is to continue paying income in equal shares to their children, Maya and Marty. Once Maya and Marty die, the income from the trust will be paid to Jack and Michelle$$s grandchildren $($in equal shares$).$ Jack and Michelle believe that all of their assets$/$property are in the trust. Their goals are to have no probate assets at death and pass their wealth down the generations.

Jack and Michelle$$s wills give all estate assets to the surviving spouse and upon both of their deaths they are to be equally divided between their children. The wills were done before they created the aforementioned trust.

Jack and Michelle die in a car accident in $2021.$ After their deaths, several things were discovered:

Although most of their assets$/$property were owned by the trust, Jack had a $2020$ Audi that was owned by him and not the trust.

There was also an old account that Michelle owned in her name alone from a job invested some profit sharing she had at a job in $1985$ and forgot about. The account has a date of death value of $$1,250,000.$

$1.$ Is the Audi a probate asset? $($yes or no$)$

$2.$ Is Michelle$$s old account from $1985$ a probate asset? $($yes or no$)$

$3.$ Based on the facts known above, will an estate need to be opened for Michelle? $($yes or no$)$