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Estate
The net worth of a deceased person, calculated by the sum of their Assets.
These include, but are not limited to, financial and insurance accounts, personal property, and real estate property.
After a death an Estate must be settled, a term which refers to paying Debt owed, and distributing remaining Assets to Beneficiaries.
These include, but are not limited to, financial and insurance accounts, personal property, and real estate property.
After a death an Estate must be settled, a term which refers to paying Debt owed, and distributing remaining Assets to Beneficiaries.