gross estate

Definition of "gross estate"
  1. The total value of all property owned by an individual at the time of death, not considering any debts, liens, or probate costs
How to use "gross estate" in a sentence
  1. In order to calculate estate taxes, the gross estate must first be determined.
  2. Upon his passing, his gross estate was valued at nearly a million dollars.
  3. The attorney's fees were based on a percentage of the gross estate.
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