gross estate
| Noun | 1. | gross estate - the total valuation of the estate's assets at the time of the person's death |
| 单词 | gross estate | |||
| 释义 | gross estate
Gross EstateGross EstateAll the real and Personal Property owned by a decedent at the time of his or her death. The calculation of the value of the gross estate is the first step in the computation that determines whether any estate tax is owed to federal or state governments. Federal and state laws define gross estate for purposes of taxation. Under federal law, the gross estate includes proceeds of life insurance policies that are payable to the decedent's estate, as well as policies to which the decedent retained "incidents of ownership" until his or her death, such as the right to change beneficiaries or to borrow against the cash surrender value of the policy. Cross-referencesEstate and Gift Taxes. gross estateGross estateGross Estategross estategross estate
Words related to gross estate
|
|||
| 随便看 |
|
英语词典包含2567994条英英释义在线翻译词条，基本涵盖了全部常用单词的英英翻译及用法，是英语学习的有利工具。