taxable estate

Definition of "taxable estate"
  1. It refers to the total value of a deceased person's estate that may be subjected to estate taxes
How to use "taxable estate" in a sentence
  1. The heirs needed to calculate the taxable estate in order to know how much they owed in estate taxes.
  2. After deductions, the taxable estate was much smaller than the total value of the deceased's properties.
  3. Families often try to lessen the amount of their taxable estate through various tax planning strategies.

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