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 question of bankruptcy and death of the person. (See inheritance.)
Depending on the context, the term is also used in reference
to an estate in land or of a particular kind of property (such
as real estate or personal estate). The term is also used
to refer to the sum of a person's assets only.