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In land law, the term "estate" is a remnant of the English feudal system, which created a complex hierarchy of estates and interests in land. The allodial or fee simple interest is the most complete ownership that one can have of property in the common law system.
Learn how probate works, what an executor does, and when estate taxes might apply to what you leave behind. An estate is everything you own minus everything you owe.
specifically : one of the great classes (such as the nobility, the clergy, and the commons) formerly vested with distinct political powers. : the degree, quality, nature, and extent of one's interest in land or other property. also : vineyard. Noun His estate is worth millions of dollars.
law A person’s estate is everything the person owns when he or she dies. Br An estate is a group of houses or factories built in a planned way. commercial/industrial/trading estate He rents a unit on an industrial estate. leave your estate to sb She left her entire estate to her niece.
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