personal estate

Definition of "personal estate"
  1. Every possession owned by an individual that is not considered real estate
How to use "personal estate" in a sentence
  1. The personal estate, such as the art collection, was divided among the siblings according to the will.
  2. The value of the personal estate may decrease due to depreciation of certain assets like vehicles.
  3. Bank accounts and stocks are also considered part of a personal estate.
Provide Feedback
Browse Our Legal Dictionary
# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z