The probate estate consists of all property owned by the decedent that is excluded from the gross estate.
The gross estate consists of the probate estate plus the value of certain automatic property transfers that take effect at death.

Question

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The statement is incorrect. The gross estate consists of the probate estate plus the value of all property owned by the decedent at the time of their death, including property subject to automatic transfers.

The Probate Estate Consists of All Property Owned by the Decedent