| NOUN | possession | net estate | the estate remaining after debts and funeral expenses and administrative expenses have been deducted from the gross estate |
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| Meaning | The 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). | |
|---|---|---|
| Category | tax, taxation, revenue enhancement | Charge against a citizen's person or property or activity for the support of government |
| Broader | estate | Everything you own |
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