Uncle Joe died recently leaving two nieces, Rachel and Margaret. Uncle Joe owned the following property at his death.

1. a house he inherited from his parents.

2. a car owned by Uncle Joe.

3. a life insurance policy on his own life. Uncle Joe's two nieces are the named beneficiaries of the policy.

4. a 401K plan without a listed beneficiary.

Uncle Joe's will left the house to his favorite niece Rachel and the car to his other niece Margaret, He did not use a residuary clause. Which of the following statements is correct?

Select one:

a. All assets will be transferred via the will.

b. all assets will be transferred via the state's intestate probate laws.

c. some assets will be transferred via the will and the remaining assets will transfer outside the probate process.

d. some assets will be transferred via the state's intestate probate laws, some assets will transfer via the will, and will transfer outside the probate process.