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 – legal rights, interests and entitlements to property of any kind – less all liabilities at that time.
(My note on 2022-11-13):
The legal system of Singapore is based on the English common law system.
Information source:
https://en.m.wikipedia.org/wiki/Estate_(law)
Posts
No comments:
Post a Comment