Lawrence owns the following assets. Which asset is not included at FMV in his gross estate and probate estate?

		A promissory note Lawrence held on the sale of his business for $400,000.
		A vacation home Lawrence owned in a state other than his state of residence.
		A life insurance policy Lawrence owned on his life that is payable to his estate.
		An irrevocable trust that Lawrence created five years ago and funded with $500,000. Lawrence named himself trustee and retained the right to change the trust beneficiaries.