gross estate(redirected from Gross Estates)
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The total value of a person's property and assets before accounting for debts, taxes, and liabilities.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
In estate tax, the sum total value of a decedent's assets plus certain additions before any applicable tax credits or deductions. Gross estate includes, but is not limited to: property (including community property and all savings), certain types of gifts made in the last three years of the decedent's life, property or income transferred before death but under which the decedent maintained use and/or enjoyment, revocable transfers, life insurance, and pensions and annuities with death benefits. See also: Taxable estate.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
The total dollar value of all the assets in an estate before paying debts and taxes.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.