Estate (law)

An estate, in common law, is the net worth of a person at any point in time alive or dead. It is the sum of a person's assets – legal rights, interests and entitlements to property of any kind – less all liabilities at that time.^[1]

References

↑ Fay, Scott. The Household Bankruptcy Decision. The American Economic Review 92 (3) (June 2002). p. 706–718. doi:10.1257/00028280260136327.

File:Wiki letter w.svg This short article can be made longer. You can help Wikipedia by adding to it.

[1] Fay, Scott. The Household Bankruptcy Decision. The American Economic Review 92 (3) (June 2002). p. 706–718. doi:10.1257/00028280260136327.

[1]