Question $17$

Carolyn is a CFP$$ practitioner. She meets with new clients Enzo and Alicia to discuss their estate

planning. Enzo is a partner in a small business and is the primary earner for the family. Enzo has no

business succession plan in place. Alicia works part$-$time. Their goal is to make sure that all assets

pass to the surviving spouse at the first spouse's death. Alicia and Enzo have the following assets:

Stock titled jointly worth $$600,000$

Bonds in Enzo's name worth $$250,000$

Mutual funds in Alicia's name worth $$200,000$

Home titled jointly worth $$350,000$

Life insurance on Enzo's life worth $$1,000,000$

Life insurance on Alicia's life worth $$1,000,000$

Enzo's interest in business $$500,000$

Which of the following assets will be subject to probate at Alicia's death?

Stock worth $$600,000$

Bonds worth $$250,000$

Mutual funds worth $$200,000$

Life insurance on Alicia's life worth $$1,000,000$