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When Valerie passed away, she owned these assets: a life insurance policy of $100,000 with a properly named beneficiary, a home valued at $450,000 held JTWROS, jewelry valued at $35,000, an IRA valued at $575,000 with named beneficiary, an Irrevocable Trust of $375,000 for the benefit of her granddaughter Reese, and a car valued at $8,000 held fee simple by Valerie. Based on this information, what is the value of Valerie's Probate Estate?

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When Valerie passed away, she owned these assets: a life insurance policy of $100,000 with a properly named beneficiary, a home valued at $450,000 held JTWROS, jewelry valued at $35,000, an IRA valued at $575,000 with named beneficiary, an Irrevocable Trust of $375,000 for the benefit of her granddaughter Reese, and a car valued at $8,000 held fee simple by Valerie. Based on this information, what is the value of Valerie's Probate Estate?






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