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Estate planning is crucial for asset transfer to beneficiaries after death and for minimizing taxes. Part of estate planning is drawing up a will, which is a legal strategy for managing...
specifically : one of the great classes (such as the nobility, the clergy, and the commons) formerly vested with distinct political powers. : the degree, quality, nature, and extent of one's interest in land or other property. also : vineyard. Noun His estate is worth millions of dollars.
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law A person’s estate is everything the person owns when he or she dies. Br An estate is a group of houses or factories built in a planned way. commercial/industrial/trading estateHe rents a unit on an industrial estate. leave your estate to sbShe left her entire estate to her niece.
In land law, the term "estate" is a remnant of the English feudal system, which created a complex hierarchy of estates and interests in land. The allodial or fee simple interest is the most complete ownership that one can have of property in the common law system.
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