Estate
All of the property and assets owned by a person, especially at the time of death. Also refers to an ownership interest in land.
Encyclopedia entry: Estate
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estate
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
]
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Encyclopedia content from Cornell LII Wex (CC-BY-NC-SA 2.5).
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This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.