GROSS ESTATE

(noun)

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There is 1 meaning of the phrase Gross Estate.

"The gross estate includes all assets and liabilities of a deceased person at the time of their death."

"Calculating the value of the gross estate is an important step in estate planning."

"The gross estate may include real estate, bank accounts, investments, and personal belongings."

"Taxes on the gross estate are often assessed before any inheritances are distributed."

"The executor of the estate is responsible for accounting for all assets in the gross estate."

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