Sunday, November 13, 2022

Estate: What is the Estate of a person alive or dead?

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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