gross estate

gross estate definition - finance
The total value of a deceased personÂ’s cash, assets, and properties before liabilities, such as debts, taxes, and funeral expenses, are subtracted. The beneficiaries receive the remainder of the estate, which is split according to the deceased personÂ’s instructions.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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