Gross Estate

Gross Estate

Gross Estate means:
the total value of a person's assets before liabilities such as debts and taxes are deducted. After someone dies, the executor of the will makes an assessment of the stocks, bonds, real estate, and personal possessions that comprise the gross estate. Former IRC (check if this IRC provision is current here) §2103.

See also other Tax Terms and Definitions in U.S.A.

unified estate and gift tax. See Gross Income and Gross Income.


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