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LSDefine

Simple English definitions for legal terms

estate

Read a random definition: mean reserve

A quick definition of estate:

An estate is everything a person owns, including their land, house, money, and belongings. When someone dies, their estate is divided up according to their wishes in a will or trust.

A more thorough explanation:

Estate

An estate refers to all the property, both real (land and buildings) and personal (such as money, jewelry, and cars), that a person owns before it is distributed through a trust or will.

  • John's estate includes his house, car, savings account, and jewelry.
  • When Mary passed away, her estate was divided equally among her children.

These examples illustrate how an estate is the total property owned by an individual, which can include a variety of assets such as real estate, vehicles, and financial accounts. When a person passes away, their estate is typically distributed to their heirs according to their wishes as outlined in a will or trust.

Establishment Clause | estate by entirety

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