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specifically : one of the great classes (such as the nobility, the clergy, and the commons) formerly vested with distinct political powers. : the degree, quality, nature, and extent of one's interest in land or other property. also : vineyard. Noun His estate is worth millions of dollars.
Estate planning is crucial for asset transfer to beneficiaries after death and for minimizing taxes. Part of estate planning is drawing up a will, which is a legal strategy for managing...
In land law, the term "estate" is a remnant of the English feudal system, which created a complex hierarchy of estates and interests in land. The allodial or fee simple interest is the most complete ownership that one can have of property in the common law system.
What Is a Traditional Estate? An estate is the sum total of all assets someone owns and all liabilities they owe at the time of their death. This includes absolutely everything you can think of, ranging from cash and real estate to even ephemeral assets like intellectual property.
An estate is the total property; real and personal, owned by an individual prior to distribution through a trust or will. See: Estate Planning; Estates and Trusts. [Last reviewed in September of 2022 by the Wex Definitions Team] Wex.
estate | Wex | US Law | LII / Legal Information Institute
His estate is worth millions of dollars. He inherited the estate from his parents.