An estate refers to all the assets and possessions owned by an individual at the time of their death. This includes the following:
– Real estate properties
– Personal belongings such as jewelry, furniture, and vehicles
– Financial assets like bank accounts, stocks, and bonds
– Business interests and investments
– Intellectual property rights, such as patents and copyrights
It is important to understand the scope of your estate when considering estate planning and making provisions for the distribution of your assets.
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