personal estate
Noun 1. Personal Estate: All property owned by an individual that is not classified as real estate (land and anything permanently attached to it). It consists of movable, tangible items and intangible rights. This is a legal term synonymous with "personal property" or "chattels."
"Personal estate" is a formal legal term used to categorize assets in contexts like wills, probate, inheritance, and property law. It distinguishes an individual's movable possessions from their immovable real property.
Examples * In his will, he left his personal estate, including his art collection and stocks, to his daughter, while the family home (real estate) went to his son. * The executor of the estate was responsible for cataloging and valuing the deceased's personal estate. * When calculating the total value of the inheritance, both the real and personal estate must be considered.
- "Personal estate and effects": A common legal phrase in wills that emphasizes the inclusion of all personal belongings and property.
- "I bequeath all my personal estate and effects to my spouse."
- Personal Property (n.): The more common modern term for "personal estate."
- Chattels (n., formal/legal): A synonym for tangible personal property.
- Movables (n., legal): Property that can be moved, as opposed to immovable real estate.
- Real Estate / Real Property (n.): The direct counterpart, referring to land and permanent structures.
- Personal property
- Chattels
- Movables
- Goods and chattels
- Real estate
- Real property
- Immovable property
-
movable property (as distinguished from real estate)
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