net estate


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Noun1.net estate - the estate remaining after debts and funeral expenses and administrative expenses have been deducted from the gross estate; the estate then left to be distributed (and subject to federal and state inheritance taxes)
estate - everything you own; all of your assets (whether real property or personal property) and liabilities
revenue enhancement, tax, taxation - charge against a citizen's person or property or activity for the support of government
References in periodicals archive ?
For those with particularly large estates there is a sting in the tail as the additional main residence nil rate band will be tapered by PS1 for every PS2 where a net estate, before any inheritance tax exemptions or reliefs, exceeds PS2m.
Anyone with a net estate over PS2M will begin to see their property nil rate band reduced until it is completely lost once the estate is over PS2.
It will taper away where the net estate is over PS2,000,000, but helpfully it will still be available when an individual downsizes their home and assets of the equivalent value are passed on to descendants.
Then, the net estate tax on the gross estate is calculated, including the value of all IRD, and that number is reduced by any credits allowed.
The hotel's new tree house is a first for Mallorca's luxury rural hotels and is designed around an existing ancient tree on the Son Net Estate in the front of the hotel's main facade.
But probate records released yesterday revealed his net estate across the water was worth nothing after liabilities and debts were taken into account.
Returns filed were predominantly for estates of decedents who died between 2007 and 2010, and data from these test returns showed an overall decline in the total gross estate and net estate tax owed.
total Gross estate, taxable estate, and net estate tax by Country of Domicile
The firm's Las Vegas Probate lawyers provide exceptional legal representation, offering guidance throughout the process of handling the deceased's estate, advising the executor and beneficiaries through the probate proceedings, locating and securing all of the deceased's assets, and protecting their clients by working hard to preserve the estate's assets and provide heirs with the greatest net estate possible.
Diana left a net estate of 12,966,022 pounds after inheritance tax of 8,502,330 pounds was deducted.
Figures show he left a gross estate of pounds 923,813 and, after his outstanding affairs were settled, a net estate of pounds 917,462.
And records reveal that Robinson left his entire net estate of pounds 5,668,322 to his actress wife Josee.