Personal estate
From WikiMD's Food, Medicine & Wellness Encyclopedia
Sometimes used synonymously with personal property, personal estate means any tangible property of the decedent that does not fall into the category of real estate.
Items included[edit | edit source]
- It includes furniture, household furnishings, motor vehicles, clothing, luggage, and other effects of a tangible, movable nature.
- It also includes convertible assets, non-negotiable instruments, and the like.
For purposes of the US gov. regulations, however, a personal estate does not include bank deposits.
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