Estate

What Does Estate Mean?
All of the valuable things an individual owns, such as real estate, art collections, collectibles, antiques, jewelry, investments and life insurance.

Investopedia explains Estate
The value of a personal estate usually becomes very important upon the death of the person in question. Those in line for inheritance often have to pay an inheritance tax on the estate. This tax can be very large, forcing the beneficiary to sell some of the inherited assets in order to pay the tax bill.

Related Terms

Beneficiary
Escheat
Estate Planning
Estate Tax
Heir
Homestead Exemption
Incidents Of Ownership
Inheritance
Inheritance Tax
Will
More Related Terms

Related Links

Your Will: Why You Need A Power Of Attorney And Beneficiaries - What would happen if you were suddenly unable to manage your financial affairs? Preparation is the best protection.
Getting Started On Your Estate Plan - With some preparation, you can save your heirs from paying a hefty estate tax. Here are some tips.
Find High Yield CDs - Retire in style. Search for the 100 highest yielding CD's from Bankrate.com. Click Here!
Three Documents You Shouldn't Do Without - Estate planning is not just about the division of assets after you die. Read on to save your loved ones extra grief.
Establishing A Revocable Living Trust - This arrangement allows you to have more control over your estate - both before and after your death.
Choose The Right Executor - Making a careful choice now can save your heirs from a lot of problems later.
Six Ways To Lose Your Estate - Find out why you shouldn't put off putting your affairs in order.
Reasons To Review Or Revise Your Will - Drafting a will and locking it away for good could negatively affect your beneficiaries.
Ten Last-Minute Retirement Tips - The months leading up to your retirement can be the most crucial in terms of planning. Review your insurance, make a budget and plan your estate so the transition to retirement is as easy as possible.
Estate Planning Basics - Deciding what will happen to your assets when you pass away is a must - no matter how wealthy you are.

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