HyperDic: net_estate

English > 1 sense of the expression net estate:
NOUNpossessionnet estatethe estate remaining after debts and funeral expenses and administrative expenses have been deducted from the gross estate
English > net estate: 1 sense > noun 1, possession
MeaningThe estate remaining after debts and funeral expenses and administrative expenses have been deducted from the gross estate; the estate then left to be distributed (and subject to federal and state inheritance taxes).
Categorytax, taxation, revenue enhancementCharge against a citizen's person or property or activity for the support of government
BroaderestateEverything you own

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