At the time of her death, Monica held the following assets.

Fair Market Value

Personal residence (title listed as “Monica and Peter, tenants by the

entirety with right of survivorship”) …………………………………………… $900,000

Savings account (listed as “Monica and Rex, joint tenants with right

of survivorship”) with funds provided by Rex ……………………………………    40,000

Certificate of deposit (listed as “Monica, payable on proof of death

to Rex”) with funds provided by Monica ………………………………………….  100,000

Unimproved real estate (title listed as “Monica and Rex, equal

tenants in common”) ……………………………………………………………..     500,000

Insurance policy on Monica’s life, issued by Lavender Company

(Monica’s estate is the designated beneficiary) ……………………………..           300,000

Insurance policy on Monica’s life, issued by Crimson Company

(Rex is the designated beneficiary) …………………………………………….       400,000

Living trust created by Monica five years ago (life estate to Peter,

remainder to Rex) ………………………………………………………………..     800,000

Assuming that Peter and Rex survive Monica, how much is included in Monica’s probate estate? Monica’s gross estate?