Gross Estate
All of the property that a decedent owns independently or has the right to control at the time of death, before any of that property is used for payment of debts, expenses, and testamentary gifts.
The term "gross estate" is generally used in reference to death taxes, particularly the Federal estate tax.
See: Adjusted Gross Estate; Residuary Estate
All of the property that a decedent owns independently or has the right to control at the time of death, before any of that property is used for payment of debts, expenses, and testamentary gifts.
The term "gross estate" is generally used in reference to death taxes, particularly the Federal estate tax.
See: Adjusted Gross Estate; Residuary Estate