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- DictionaryEs·tate/əˈstāt/
noun
- 1. an extensive area of land in the country, usually with a large house, owned by one person, family, or organization.
- 2. all the money and property owned by a particular person, especially at death: "in his will, he divided his estate between his wife and daughter"
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Nov 22, 2020 · Estate: A person's estate is everything comprising the net worth of an individual, including all land, possessions and other assets.
- Julia Kagan
Feb 15, 2022 · An estate is the sum total of all assets someone owns and all liabilities they owe at the time of their death. This includes absolutely everything you can think of, ranging from cash and real estate to even ephemeral assets like intellectual property. When someone dies, their estate goes through a process of managing its bills and distributing ...
Dec 12, 2023 · A trust can be created while the grantor is alive, while an estate is created at the moment of someone’s death. A trust is intended to be a semi-permanent entity. It exists to distribute assets over time according to a series of rules and conditions, overseen by a trustee. An estate is intended to be temporary.
estate: [adjective] previously owned by another and usually of high quality.
The most common Estate Planning definition is — "the process of making plans for the management and transfer of your estate after your death, using a Will, Trust, insurance policies and/or other devices." Estate Planning has been around for many years, but it’s becoming increasingly more and more common.
Aug 21, 2023 · Still, this fee is likely to be less than paying for a private attorney. Our top choices for estate planning services offer basic will packages starting at $39.99. But you can get a package that includes attorney assistance, as well as additional estate planning documents, for around $249.
Apr 22, 2024 · Estate planning is the collection of preparation tasks that serve to manage an individual's asset base in the event of their incapacitation or death, including the bequest of assets to heirs and ...