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Nate owns the following property: A personal residence titled fee simple valued at $500,000. A $500,000 life insurance policy on his own life. The named

Nate owns the following property: A personal residence titled fee simple valued at $500,000. A $500,000 life insurance policy on his own life. The named beneficiary is Nate's brother Jaime. A car valued at $15,000 titled JTWROS with Nates mother. An IRA valued at $400,000 with Nates mother as the named beneficiary. What is the current value of Nates probate estate? A. $500,000. B. $1,000,000. C. $1,400,000. D. $1,415,000.

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