Estate

Estate means:
broadly, all that a person owns, whether real property or personal property; for instance, the estate one leaves at death.

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

probate estate; taxable estate. For ESTATE DUTY/TAX, see Death duties.

See Inheritance Tax and Inheritance Tax.

Description and Definition of Estate

The entire group of assets owned by an individual at the time of his or her death. The estate includes all funds, personal effects, interests in business enterprises, titles to property, real estate, chattels, and evidences of ownership such as stocks, bonds and mortgages owned, notes receivable, etc.

Resources

See Also

Further Reading

• Estate in the West's Tax Law Dictionary
• Estate in “A Dictionary of Taxation”