net estate
| Noun | 1. | net estate - 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) |
| 单词 | net estate | |||
| 释义 | net estate
net estatenet estaten. the remaining estate of a person who has died, calculated by taking the value of all assets and subtracting all debts of the person who died, including funeral costs, expenses of administering the estate, and any other allowable deductions. The federal estate tax (and/or state inheritance tax where it exists) is then based on the net estate value. (See: gift tax) net estate
Words related to net estate
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