Estate
All of the valuable things an individual owns, such as real estate, art collections, collectibles, antiques, jewelry, investments and life insurance. Investopedia Says:
The value of a personal estate usually becomes very important upon the death of the person in question. Those in line for inheritance often have to pay an inheritance tax on the estate. This tax can be very large, forcing the beneficiary to sell some of the inherited assets in order to pay the tax bill. Related Terms:
Beneficiary
Escheat
Estate Planning
Estate Tax
Heir
Incidents Of Ownership
Inheritance
Inheritance Tax
Three-Year Rule
Will |