Estates
/ˈɛsteɪts/
Definitions
- (n.) The interest or rights a person possesses in real or personal property, especially that which is inheritable or transferable by law.
Upon her death, the estate passed to her heirs according to the will.
- (n.) The total property, real and personal, owned by a deceased person before distribution to heirs.
The executor is responsible for managing the deceased's estate until debts are paid and assets distributed.
- (n.) Land and property, especially in a legal or commercial context such as a housing estate or commercial estate.
The developer purchased a large estate on the outskirts of the city to build new homes.
Related terms
See also
Commentary
In legal contexts, 'estate' typically refers either to ownership interests in property or to the entirety of a deceased's assets; clarity in drafting depends on context.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.