personal+estate
71personal representative — A person whose duty is to gather in the assets of the estate of a deceased person, to pay his liabilities, and to distribute the residue. Personal representatives of a person dying testate are known as executors; those of a person dying intestate …
72personal property — Law. an estate or property consisting of movable articles both corporeal, as furniture or jewelry, or incorporeal, as stocks or bonds (distinguished from real property). [1830 40] Syn. chattels, effects. * * * …
73estate tax — noun A tax based on the value of the property of a deceased person, and charged on the personal representatives of the deceased. Syn: death duty, inheritance tax …
74personal property — noun Any property that is movable, that is, not real estate. Syn: personalty …
75personal representatives — those who administer the estate of a person who dies intestate or without a living executor The person whom they supposedly represent is dead …
76personal property — per′sonal prop′erty n. law an estate or property consisting of movable articles both corporeal, as furniture or jewelry, and incorporeal, as stocks or bonds (disting. from real property). • Etymology: 1830–40 …
77personal representative — Ordinarily, the executor or administrator of a decedent s estate. 31 Am J2d Ex & Ad § 1. For some purposes, an heir, next of kin, assignee, trustee, receiver, etc. 12 Am J2d Bonds § 24; 29A Am J Rev ed Ins § 1656; 36 Am J2d Frat O § 154. For the… …
78net estate — The estate of a decedent after deduction of debts, funeral expenses, and expenses of administration. A statutory provision that the share of a testator s widow electing to take against the will shall not exceed one third of his net personal… …
79Qualified personal residence trust — The following article on personal residence trusts and qualified personal residence trusts is taken from attorney Jacob Stein s treatise on tax planning, with his permission. Residence trusts are used to transfer a grantor’s residence out of the… …
80Real estate — Property lawReal estate is a legal term (in some jurisdictions, notably in the USA, United Kingdom, Canada, and Australia) that encompasses land along with anything permanently affixed to the land, such as buildings, specifically property that is …
