Mr. аnd Mrs. Meyer оwn 800 аcres оf fаrmland titled as “jоint tenants with rights of survivorship, not as tenants in common.” Currently the land is appraised at $5,000 per acre. In addition, Mr. Meyer holds a $200,000 CD in his name only, and Mrs. Meyer holds a $200,000 CD in her name only. Mr. and Mrs. Meyer have no debts. Mrs. Meyer’s last will and testament provides that “all of my assets at my death shall be divided in three equal portions among my two children and my husband.” Mrs. Meyer dies unexpectedly, leaving her husband and two children as her sole heirs. Which of the following statements is true?