Gross Estate
The total dollar value of all property and assets in which an individual had an interest at the time of his or her death. Investopedia Says:
The gross estate figure is commonly produced for federal income tax purposes. It does not include any deductions for outstanding debts, taxes or liabilities; it is the gross value of the deceased person's assets. Related Terms:
Asset
Estate
Estate Planning
Estate Tax
Heir
Liability
Taxable Estate
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