Adjusted Gross Estate

	Definition of 'Adjusted Gross Estate' The net worth of the deceased's estate after deducting the cost of any outstanding debts and admistrative costs associated with the individual. The adjusted gross estate is also the value in which estate taxes are levied upon.
	Investopedia explains 'Adjusted Gross Estate' For example, assets that are considered to be part of the gross estate would include any property, cash or investments owned by the deceased. However, if a mortgage is owed on the property, the value of the mortgage would be deducted from the value of the estate. Therefore no estate taxes would be calculated on assets that the deceased does not own.

Related Definitions

Estate Planning Basics

Deciding what will happen to your assets when you pass away is a must - no matter how wealthy you are.
Estate Planning: 16 Things To Do Before You Die

Find out what you need to prepare to avoid serious estate planning mistakes.
Getting Started On Your Estate Plan

With some preparation, you can save your heirs from paying a hefty estate tax. Here are some tips.
What is estate planning?
Tax-Efficient Wealth Transfer

Taxpayers with large taxable estates were required to take steps to reduce them before 2011.
What To Do When You're Left Out Of A Will

Discover the legal steps you can take if you are left out of a will and if fighting is worth the effort.
Tax-Saving Advice For IRA Holders

Be informed about benefits and deductions that may apply to you and avoid costly mistakes on your return.
What Is A Will And Why Do I Need One?

Putting this document together will save your family time and money, and give you peace of mind.
Protect Your Personal Assets

A family limited partnership (FLP) can go a long way toward securing your family's property.
Gifting Your Retirement Assets To Charity

There are several things to consider when it comes to this type of charitable giving. Make sure you're well informed.

Why Americans Think Bush Is To Blame For The Economy	The Complete Guide To Calculating Your Net Worth		Top Investment Trends For 2013	5 Viable Career Options In 2013
	How Do Internet Browsers Make Money?	Commodities Of The Future	Trending Stocks And The January Effect