Definitions
There is 1 meaning of the phrase
Net Estate.
Net Estate - as a noun
The estate remaining after debts and funeral expenses and administrative expenses have been deducted from the gross estate; the estate then left to be distributed (and subject to federal and state inheritance taxes)
Example Sentences
"He left his entire net estate to his children."
"The lawyer advised her to update her will to include her net estate."
"After the debts were paid, the net estate amounted to $2 million."
"She estimated the value of her net estate to be around $500,000."
"The deceased's net estate was divided equally among his three siblings."
