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Which of the following statements correctly describes the gross estate and/or probate estate? I. An individual can have a gross estate without having a problem

Which of the following statements correctly describes the gross estate and/or probate estate?

I. An individual can have a gross estate without having a problem estate.

II. Everything in the probate estate will also be in the gross estate.

III. The gross estate can sometimes have a smaller value than the probate estate.

IV. A tenancy in common interest will not be included in the probate estate but will be in the gross estate.

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