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gross estate

NOUN
  1. the total valuation of the estate's assets at the time of the person's death

How To Use gross estate In A Sentence

  • A copy of the Eweson federal estate tax return on file with the Manhattan Surrogate's Office in New York City, where the estate is being probated, put the gross estate at $142 million with total estate and gift taxes due at $55 million. Can IRS Be Forced To Check Out Informant's Tip?
  • For post-1976 spousal joint tenancies treated as separate property, since only the decedent's 50 percent portion is includible in his gross estate, only a 50 percent step-up would be available.
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