Net estate

This refers to the total value of a deceased person’s assets after all liabilities, debts, taxes, and administrative expenses have been subtracted. It represents the amount that is available to be distributed to the heirs and beneficiaries according to the will or the laws of intestacy. For example, if an estate is valued at $500,000, and the debts and taxes amount to $100,000, the net estate would be $400,000.