For federal and state estate tax purposes, this refers to the gross estate less funeral expenses, expenses of administration in probate, debts of the estate and casualty losses suffered during settlement of the estate.
The gross estate less debts, funeral costs, and administrative expenses. This is the starting point for the federal estate tax computation.
The gross estate less debts, administration expenses, and losses during administration.
Also known as the taxable estate, the gross estate less estate settlement costs.
The gross estate reduced by allocable debts and expenses.
Approximately the net worth of a deceased's estate—the beginning point for the computation of estate taxes. In addition to the deceased's assets while alive, the value will also generally include the proceeds of life insurance.
An individual's gross estate less allowable deductions for mortgages, bank loans, etc.
For estate tax purposes, gross taxable estate minus expenses and losses.
Approximate net worth of a deceased, known as the beginning point for the computation of estate taxes.
