net estate Antonyms
No Synonyms and anytonyms found
Meaning of net estate
net estate (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)
net estate Sentence Examples
- The net estate, calculated after deducting all debts and expenses, exceeded $2 million.
- The attorney advised the deceased's family that the net estate was relatively small and would not be subject to estate tax.
- The court ruled that the will was invalid, resulting in a vastly reduced net estate for the beneficiaries.
- The sale of the deceased's property increased the net estate significantly, allowing for a substantial distribution to heirs.
- The executor discovered hidden assets that increased the net estate by over 10%.
- The net estate was divided equally among the surviving spouse and children, as stipulated in the trust agreement.
- The deceased's charitable bequests reduced the net estate but aligned with their philanthropic intentions.
- The complexity of the will and estate administration process made determining the net estate a challenging task.
- The net estate after tax and legal fees provided sufficient funds to cover the deceased's funeral expenses and outstanding obligations.
- The beneficiaries were pleased with the net estate, which exceeded their initial expectations and ensured their financial stability.
FAQs About the word 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 distribut
No synonyms found.
No antonyms found.
The net estate, calculated after deducting all debts and expenses, exceeded $2 million.
The attorney advised the deceased's family that the net estate was relatively small and would not be subject to estate tax.
The court ruled that the will was invalid, resulting in a vastly reduced net estate for the beneficiaries.
The sale of the deceased's property increased the net estate significantly, allowing for a substantial distribution to heirs.
