What Does Net Estate Mean In Estate Planning?

What Does Net Estate Mean In Estate Planning?

The value of an estate after debts have been paid.  This amount is used to determine if taxes are due.

Example Of Net Estate In Regards To Estate Planning

After all of the assets had been found and collected and all of the debts had been paid, we took my mom’s net estate and divided it four ways among us kids.

Kelley Scrocca, LLM
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