Estate definition clarifies totality of a decedent's property, encompassing realty, personalty, probate and intestacy transfers. The term estate denotes the totality of a deceased person's property, encompassing both realty and personalty and including property interests during ... Summary
Estate definition clarifies totality of a decedent's property, encompassing realty, personalty, probate and intestacy transfers.
The term estate denotes the totality of a deceased person's property, encompassing both realty and personalty and including property interests during administration; it therefore embraces probate assets as well as property passing by intestacy, representing the whole corpus of property subject to testamentary disposition or statutory succession.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.