MLchartDataset catalogue

Gross estate

Term · Law · MLC-T-LAW-002362

The total fair market value of all assets owned by a deceased individual at the time of their death, before any deductions for debts, expenses, or exemptions. This includes all property, real or personal, tangible or intangible, wherever situated. The gross estate is the starting point for calculating federal estate tax liability.

Table 1. Record
IdentifierMLC-T-LAW-002362
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-002362",
  "term": "Gross estate",
  "field": "Law",
  "definition": "The total fair market value of all assets owned by a deceased individual at the time of their death, before any deductions for debts, expenses, or exemptions. This includes all property, real or personal, tangible or intangible, wherever situated. The gross estate is the starting point for calculating federal estate tax liability.",
  "url": "https://mlchart.com/terminology/law/gross-estate/"
}

Record 2,275 of 5,445 in Law terminology (MLC-0107). Request the full dataset.