net estate Synonyms
No Synonyms and anytonyms found
net estate Meaning
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)
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.
