Net estate definition
Net estate means the gross estate, as defined by the estate, inheritance, or death tax law of the particular state, country, or political subdivision whose tax is being apportioned, less the deductions allowed.
Net estate means the gross estate less those items specified in Iowa Code section 450.12 as deductions in determining the net shares of property of each heir, beneficiary, surviving joint tenant, or transferee. In re Estate of Waddington, 201 N.W.2d 77 (Iowa 1972). The total of all net shares of an estate must equal the total of the net estate.
Net estate means the real and personal property of a decedent, except property used for the support of the surviving spouse and children and for the payment of expenses of administration, funeral expenses, claims and taxes.
More Definitions of Net estate
Net estate means the real and personal property of a decedent, except property used for
Net estate means the residue of an estate remaining after the discharge or settlement of the claims of creditors.
Net estate means the estate of a deceased person after payment of reasonable funeral expenses, debts and liabilities, expenses of obtaining probate or letters of administration, other reasonable expenses of administration and estate duty, if any;
Net estate means the net estate as determined under the provisions of the Internal Revenue Code.
Net estate means a decedent’s property excluding:
Net estate means the real and personal property of a decedent, exclusive of homestead rights, exempt property, the family allowance and enforceable claims against the estate.
Net estate means the estate of a decedent, exclusive of family allowances, costs of administration, and all lawful claims against the estate.