Samantha had a $1,200,000 net worth at the time of her death in 2021. In addition, she owned a $250,000 employer 401(k) and her nephew was designated as the beneficiary. She also had a $250,000 whole life insurance policy with $50,000 of accumulated cash value, also payable to her nephew.

a. What is the value of Samantha’s gross estate?

b. How much of her estate is taxable?

c. How much of her estate must pass through probate?

(Label your answers a, b & c)