what does estate of mean
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’.