Available estate means the portion of the net value of a decedent’s assets, including (i) all liquid assets, (ii) any asset or income to which the decedent was entitled at the time of death, (iii) the face value of any life insurance policy issued on the life of the decedent, (iv) the value of any burial reserve account, revocable or irrevocable funeral fund or prepaid funeral contract, and (v) all real and personal property, such as, but not limited to, the decedent’s home and motor vehicle, that remains after subtracting the cost or anticipated cost of administering the decedent’s estate.
Available estate means the portion of the net value of a decedent’s assets, including
Examples of Available estate in a sentence
Source: Calculated by John Havens at the Social Welfare Research Institute at Boston College based on tabulated data available on the web page of the Statistics of Income Division of the IRS.*Note: Available estate is the estate after fees and transfer to surviving spouse.