probate estate
21probate — A certificate issued by the Family Division of the High Court, on the application of executors appointed by a will, to the effect that the will is valid and that the executors are authorized to administer the deceased s estate. When there is no… …
22Estate (law) — An estate is the net worth of a person at any point in time. 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. The issue is of special legal significance on a… …
23probate — /ˈproʊbeɪt / (say prohbayt) Law –noun 1. a document issued by a probate court certifying that a will has been proved as valid, and authorising the executor named therein to administer the estate. 2. a. the official proving of a will as authentic… …
24probate will — noun a judicial certificate saying that a will is genuine and conferring on the executors the power to administer the estate • Syn: ↑probate • Derivationally related forms: ↑probate (for: ↑probate) • Topics: ↑law, ↑ …
25probate — The judicial act whereby an instrument is adjudged a valid will and ordered to be recorded; the statutory method of establishing the proper execution of the instrument and giving notice of its contents. 57 Am J1st Wills § 743. Broadly, a… …
26estate of deceased person — Broadly speaking, such an estate may be deemed to exist only from the death of the decedent until it is finally wound up by an order of the court having jurisdiction of it. After the property of the decedent s estate has been paid out or… …
27probate value — A valuation of all the assets included in the estate of a deceased person at the date of his or her death, taking account of any restrictions on the use of the assets. A probate value is agreed with the Inland Revenue for the purpose of… …
28probate tax — See probate duty; estate tax …
29estate law — Laws governing the nature and extent of an owner s rights with respect to real and personal property. When used in connection with probate proceedings, it refers to the laws governing the disposition of the total property of whatever kind owned… …
30probate duty — A duty to be treated as an expense of administration of a decedent s estate. The earliest form of death duty in England. 28 Am J Rev ed Inher T § 4. An estate tax …
