An estate is theeconomic valuation of all the investments,assets,and interests of an individual. The estate includes a person’s belongings,physical and intangible assets,land and real estate,investments,collectibles,and furnishings.
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What does estate mean in legal terms?
Related to estate: estate tax, Estate planning, Probate estate Estate The degree, quantity, nature, and extent of interest that a person has in real andPersonal Property. Such terms as estate in land, tenement, and hereditaments may also be used to describe an individual’s interest in property.
What is the estate system?
The estate system is a form of social hierarchy in which a peasant or serf must work a piece of land owned by the noble class. In return, a noble would provide protection or any other agreed service.
What does the term Fourth Estate mean?
The term fourth estate is used to describe the press. Describing journalists and the news outlets for which they work as members of the fourth estate is an acknowledgment of their influence and status among the greatest powers of a nation, the author William Safire once wrote. The term goes back centuries…
What is estate in common?
An estate in common, is one which is held by two or more persons by unity of possession. 47. They may acquire their estate by purchase, and hold by several and distinct titles, or by title derived at the same time, by the same deed or will; or by descent.