What is an Estate?
An estate is the net worth of a person at any point in time. It is the sum of a person's assets - legal rights, interests and entitlements to property of any kind - less all liabilities at that time. The issue is of special legal significance on a question of bankruptcy and death of the person. Depending on the context, the term is also used in reference to an estate in land or of a particular kind of property, such as real estate or personal estate. The term is also used to refer to the sum of a person's assets only. Learn more about your estate and the things you should be planning for by speaking to one of our attorneys at Sagaria Law.