net estate

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  • noun

Words related to net estate

the estate remaining after debts and funeral expenses and administrative expenses have been deducted from the gross estate

References in periodicals archive ?
Thus, if the value of net estate is P11 million, the estate shall pay P1,215,000.
The calculation of B's estate tax liability is shown in the table "B's Net Estate Tax Liability With Portability.
The main residence nil-rate band will be tapered by PS1 for every PS2 where a net estate, before any IHT exemptions or reliefs, exceeds PS2m.
But probate records released yesterday revealed his net estate across the water was worth nothing after liabilities and debts were taken into account.
total Gross estate, taxable estate, and net estate tax by Country of Domicile
5 1/Average tax rate is average net estate tax liability as a percent of average gross estate for all estates in size category.
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.
The concession announced in the Budget is for people who are looking to donate 10% of their net estate to charity.
REFURBISHMENT of betting shops is back on the William Hill agenda, after a two-year squeeze on capital expenditure, and the company, which added 23 outlets to their net estate in 2009, expects to add a further 50 this year.
After a court accounting (called a judicial settlement of the account) is made and accepted by the court, the personal representative makes a distribution of the net estate to the heirs as required by either the will or the statute of intestate succession (see pages 118-125).
The safety net estate agents provide extends beyond accompanying all the viewings for the peace of mind of the seller; they also drive the different members of the chain to ensure completion.
202, read together, require that the testamentary trust established for Son and charity will share the $1,000,000 of net estate income.