What is an estate?

The legal definition of an estate consists of all of the property a person owns or controls as well as all other monies generated upon the person’s death. An estate can be divided up into three categories: gross estate, residue estate, and estate debt, but it does not include assets a person has transferred to an irrevocable trust during their lifetime. Enter your ZIP code below to speak with an estate planning attorney about estate laws in your state.

UPDATED: Jun 29, 2022Fact Checked

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Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

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Written by Jeffrey Johnson
Insurance Lawyer Jeffrey Johnson

UPDATED: Jun 29, 2022

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UPDATED: Jun 29, 2022

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It’s all about you. We want to help you make the right legal decisions.

We strive to help you make confident insurance and legal decisions. Finding trusted and reliable insurance quotes and legal advice should be easy. This doesn’t influence our content. Our opinions are our own.

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