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 Glossary   >   E   >   "Estate" Definition   

        Estate

The valuable things you own, such as real estate, art collections, collectibles, antiques, jewelry, investments, and life insurance.

Strictly, an interest in land, but generally used to mean the total (land, chattels, investments, etc) owned by an individual.

The total value of a deceased person"s assets.For example:Total value of property, automobile and all other possessions = £500,000Allowable deductions such as mortgage, overdraft at bank, credit cards and other expenses = £70,000Total net value of estate = £430,000

Estate


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Estate \ The valuable things you own, such as real estate, art collections, collectibles, antiques, jewelry, investments, and life insurance.

Strictly, an interest in land, but generally used to mean the total (land, chattels, investments, etc) owned by an individual.

The total value of a deceased person"s assets.For example:Total value of property, automobile and all other possessions = £500,000Allowable deductions such as mortgage, overdraft at bank, credit cards and other expenses = £70,000Total net value of estate = £430,000


Estate / the valuable things you own, such as real estate, art collections, collectibles, antiques, jewelry, investments, and life insurance.

strictly, an interest in land, but generally used to mean the total (land, chattels, investments, etc) owned by an individual.

the total value of a deceased person"s assets.for example:total value of property, automobile and all other possessions = £500,000allowable deductions such as mortgage, overdraft at bank, credit cards and other expenses = £70,000total net value of estate = £430,000