When Shipley Died, He Owned $100,000 in Bonds That He

question 62

Multiple Choice

When Shipley died, he owned $100,000 in bonds that he left to his church, a $400,000 house held in joint tenancy with right of survivorship with his brother, and a collection of antique automobiles valued at $1,300,000 that he left to his son.What are Shipley's probate estate and his gross estate, respectively?

• A)$1,600,000; $1,300,000
• B)$1,400,000; $1,300,000
• C)$1,600,000; $1,600,000
• D)$1,400,000; $1,600,000

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Definitions:

Stone

A solid aggregate of one or more minerals or mineraloids.

Egg

A reproductive cell produced by females of various species, including birds, reptiles, amphibians, and humans (ova).

Information-Processing Model

A framework in cognitive psychology that describes the mind's ability to process information through various stages, similar to a computer.

Sensory Register

The initial processing center for incoming sensory information, capturing brief impressions from each of the senses.