Estate
Term · Law · MLC-T-LAW-001920
All the property, both real and personal, owned by an individual at the time of their death. This includes assets such as land, buildings, bank accounts, investments, and personal belongings. The estate is subject to probate and distribution according to the deceased's will or intestacy laws.
| Identifier | MLC-T-LAW-001920 |
|---|---|
| Field | Law |
Record as JSON
{
"id": "MLC-T-LAW-001920",
"term": "Estate",
"field": "Law",
"definition": "All the property, both real and personal, owned by an individual at the time of their death. This includes assets such as land, buildings, bank accounts, investments, and personal belongings. The estate is subject to probate and distribution according to the deceased's will or intestacy laws.",
"url": "https://mlchart.com/terminology/law/estate/"
}
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