- Nate owns the following property:A personal residence titled fee simple valued at $500,000.
- A $500,000 life insurance policy on his own life. The only named beneficiary is Nate's brother Jaime, who died 6 months ago leaving two children, Michael and Kristi.
- A car valued at $15,000 titled JTRWROS with Nate's mother.
- An IRA valued at $400,000 with Nate's mother as the named beneficiary.
What is the current value of Nate's probate estate?
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