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 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 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.
Examples of Net estate in a sentence
In this connection, see section 2001 and the regulations thereunder.(5) Net estate tax payable.
Net estate tax payable in Puerto Rico (Line 2) $ Under penalties of perjury, I declare that this return, including the additional schedules attached, if any, has been examined by me, and to the best of my knowledge and belief, is a true, corrrect, and complete return.
Net estate tax (line 7 minus line 8).....................................................................................................................• 9.
Net estate value is $131,734 of which $53,000 is personal property.
Net estate $5.8m with$4m remaining after payment of costs, executor’s commission and settlement other claims.
More Definitions of Net estate
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 real and personal property of a decedent, except property used
Net estate means a decedent’s property excluding:
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 decedent, exclusive of family allowances, costs of administration, and all lawful claims against the estate.
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.