What Does Gross Estate Mean In Estate Planning?

What Does Gross Estate Mean In Estate Planning?

The value of an estate before debts are paid.

Example Of Gross Estate In Regards To Estate Planning

My dad’s gross estate made it seem like he was super wealthy, but after we subtracted his mortgage, car loans, and credit card debts it was clear that he had lived above his means.

Kelley Scrocca, LLM
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Business, Expert Estate Planning, and Probate Attorney Dedicated To Helping You Preserve Your Legacy