DEFINITION of 'Estate'

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


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.

  1. Custodial Agreement

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  4. Homestead Exemption

    Laws designed to protect the value of a home from property taxes ...
  5. Escheat

    The transfer of title of property or an estate to the state when ...
  6. Estate Tax

    A tax levied on an heir's inherited portion of an estate if the ...
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