what is an estate? based in the information provided, what components make up jamie lee and rosss estate?

Current Financial Situation Assets (Jamie Lee and Ross combined) Checking account: $5,500 Savings account: $53,000 Emergency fund savings account: $45,000 Income: Jamie Lee: $45,000 gross income ($31,500 net income after taxes) Ross: $135,000 gross income ($97,200 net income after taxes) House: $475,000 IRA balance: $92,000 Life insurance cash value: $125,000 Investments (stocks, bonds): $750,000 Car $12,500 (Jamie Lee) and $16,000 (Ross) Monthly Expenses: Mortgage: $1,225 Property taxes: $500 Homeowner's insurance: $300 IRA contribution: $300 Utilities: $250 Food: $600 Liabilities (Jamie Lee and Ross combined): Gas/maintenance: $275 Entertainment: $300 Mortgage balance: $43,000 Life insurance: $375 Credit card balance: $0 Car loans: sO