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gross estate

   Also found in: Dictionary/thesaurus, Legal 0.07 sec.
Gross Estate
The total dollar value of all property and assets in which an individual had an interest at the time of his or her death.

Notes:
The gross estate figure is commonly produced for federal income tax purposes. It does not include any deductions for outstanding debts, taxes or liabilities it is the gross value of the deceased person's assets.

Gross estate
The total value of a person's property and assets before accounting for debts, taxes, and liabilities.
gross estate
The total dollar value of all the assets in an estate before paying debts and taxes.
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2041 (regarding the inclusion in a decedent's gross estate of property over which he or she had a GPA).
TC upholds GSTT Regs by Ransome, Justin / The Tax Adviser
A gross estate includes the fair market value of all of the decedent's property IRAs are part of the gross estate, but beneficiaries of inherited IRAs do not report taxable income until after they receive distributions.
Can estate reduce IRAs' value for tax purposes? by Reichert, Charles J. / Journal of Accountancy
Under the Trust's terms, G retains no beneficial interest in, or power over, Trust income or corpus that would cause the transfer to Trust to constitute an incomplete gift for federal gift tax purposes--or that would cause the corpus to be included in G's gross estate for federal estate tax purposes on G's death.
Defective grantor trusts: new IRS ruling enhances estate planning by Josephs, Stuart R. / California CPA
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