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)
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