what does estate of mean

Best answer

Legal Definition of estate 1 :the interest of a particular degree,nature,quality,or extent that one has in land or other property?compare fee,future interest at interest,remainder,reversion,tenancy

People also ask

  • What is a life estate?

  • What Is A Life Estate? A life estate is something to consider during estate planning. When an owner of a home signs a life estate, they are in effect passing part of the ownership of a home to another person. This could be thought of as a way to pregift your home to your heirs while still retaining joint ownership.

  • What is a financial definition of estate?

  • Financial Definition of estate. An estate is all of an individual property and financial assets and liabilities at the time of his or her death. An estate might include a home and other real estate owned by an individual, as well as valuables such as jewelry and artwork, and financial assets such as stocks and bonds.

  • What is an estate sale?

  • An estate sale is a method of selling all (or nearly all) of the contents of a home. Estate sales typically occur after a death or other event that causes the inhabitants to quickly move away from the home.

  • What is the’estate of the deceased’?

  • The ‘estate of the deceased’ refers to all the property, real or personal, a person owned in their own name at the time of their death. That property is said to be their ‘estate’.

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