Legal Question in Wills and Trusts in Alabama
definition of estate
what is the definition of an estate?
When is says that the ''estate'' is responsbile for paying the debts of the deceased what does this mean?
Asked on 2/03/08, 1:46 pm
1 Answer from Attorneys
Jennifer Rose
The Rose Law Firm, LLC
Re: definition of estate
Hi,
The estate encompasses anything owned by the deceased at the time of death. This includes property, personal items, money in bank accounts, savings, etc. Anything the deceased owned at death is considered part of this. If the estate is responsible, that means money to pay these debts will be directly taken from these items.
Sincerely,
Jennifer Rose
Answered on 2/03/08, 2:15 pm
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