What is Estate (law)?
An '''estate''', in [[common law]], is the [[net worth]] of a person at any point in time alive or dead. It is the sum of a person's [[assets]] &ndash; legal rights, interests and entitlements to [[property]] of any kind &ndash; less all [[liability (accounting)|liabilities]] at that time.<ref>{{cite journal|last1=Fay|first1=Scott|last2=Hurst|first2=Erik|last3=White|first3=Michele J.|title=The Household Bankruptcy Decision|url=https://archive.org/details/sim_american-economic-review_2002-06_92_3/page/706|journal=The American Economic Review|date=June 2002|volume=92|issue=3|pages=706–718|jstor=3083362|doi=10.1257/00028280260136327}}</ref> ==References== {{reflist}}{{Law}} {{authority control}} {{stub}} [[Category:Property law]]