- Cash - JTWROS 65,000$ W - Home Mortgage 37,000$
H - Cash 2,500$ J - Credit Card 4,000$
W - Cash 6,000$ Total Liabilities 41,000$
W - Home - Fee Simple 416,000$
W - 401K 460,000$
H - 401K 90,000$ Net Worth 1,738,500$
W - Investment Acccount 1 45,000$
W - Investment Acccount 2 - TOD 115,000$
H - Term Life Insurance 1 (through Work) 500,000$
H - Term Life Insurance 2 40,000$
W - Term Life insurance 3 40,000$
Total Assets 1,779,500$ Total Liabilities & Net Worth 1,779,500
1) Calculate the gross estate.
2) Calculate the probate estate