gross estate
- noun
- /ɡroʊs ɪˈsteɪt/
- Specialized
:
patrimonio bruto
- When planning the inheritance, it's essential to assess the gross estate to determine potential estate taxes.
Examples
-
New Law: Executor of an estate may elect an exclusion of up to $1.3 million for interests in a qualified family-owned business that is otherwise includable in the decedent's gross estate.
Academic text (1997) -
While the present value of the non-charitable beneficiary's remainder interest will be included in the gross estate, it may be possible to "zero out" the CLT so that the estate tax calculation of the remainder interest is zero.
Blog text (8) -
The total value of the deceased's assets, including properties and investments, is known as the gross estate for tax calculations.
-
Upon his death, the appraiser calculated that his gross estate amounted to over two million dollars.
Antonyms
- Specialized
The money and property left for people after paying debts, funeral, and other costs
How Big
Surface Forms
Morphology
The meaning is directly compositional: 'gross' (an amount before deductions) modifies 'estate' (a person's assets at death), so a B1 learner who knows both words can infer it denotes the estate's total value before liabilities. This formation is a straightforward adjectival modification common across languages and legal registers, so it is readily understandable from its parts.
Etymology
Gross estate uses gross in the older sense 'total' and estate for the property someone leaves when they die. So, like counting every item in a house before paying bills, gross estate means the full value of all assets at death 'before deductions'.