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Estate in land can also be divided into estates of inheritance and other estates that are not of inheritance. The fee simple estate and the fee tail estate are estates of inheritance; they pass to the owner's heirs by operation of law, either without restrictions (in the case of fee simple), or with restrictions (in the case of fee tail). The ...
Wentworth Woodhouse is a large rural estate, extending to 15,000 acres including the country house. The "estate" formed an economic system where the profits from its produce and rents (of housing or agricultural land) sustained the main household, formerly known as the manor house.
The estate tax is part of the federal unified gift and estate tax in the United States. The other part of the system, the gift tax , applies to transfers of property during a person's life. In addition to the federal government, 12 states tax the estate of the deceased.
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Estate planning is the process of anticipating and arranging for the management and disposal of a person's estate during the person's life in preparation for future incapacity or death. The planning includes the bequest of assets to heirs, loved ones, and/or charity, and may include minimizing gift, estate, and generation-skipping transfer taxes.
Estate planning involves enumerating all your tangible and intangible assets, not only physical property such as cars, furniture, paintings or sentimental heirlooms but financial accounts, too.
Housing estate, a group of houses built as a single development. Industrial estate (office park) and trading estate; property planned and sub-let for industrial and commercial use. Real estate or real property. Estate agent or real estate agent; Literary estate, the intellectual property of a deceased author, or the executor thereof
An estate in land is, in the law of England and Wales, an interest in real property that is or may become possessory. [ 1 ] [ 2 ] It is a type of personal property and encompasses land ownership, rental and other arrangements that give people the right to use land.