net estate

Definition of "net estate"
  1. The worth of everything a person owns when they die, minus any outstanding debts or liabilities
How to use "net estate" in a sentence
  1. The tax on the net estate was hefty because of the valuable property the deceased owned.
  2. Before distributing the inheritance to his children, the deceased's net estate was calculated.
  3. With substantial debts, his net estate was much less than his initial assets.

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