net estate

(eg. symbol, vexed, interpretation )

net estate Meaning of "net estate"

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Definition(s):

  • (n) 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)

Usage(s):

  1. Inheritance taxes will gobble more than $6,000,000 of his net estate of $10,186,299.
  2. An accounting filed in Manhattan's Surrogate Court listed the net estate left by the late Mammy Singer Al Jolson at $2,366,844.
Word of the Day
incendiary
/ɪn ˈsɛn di ɛ ri /

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