Estate or Residual Estate is your total assets that are left over after all debts, funeral and testamentary expenses and gifts are provided for.
What makes up my estate?
- Real property: Real estate, including homes, land, and other immovable assets, is a significant component of many estates.
- Personal property: This includes movable possessions like furniture, jewellery, artwork and everyday items that contribute to the overall value of the estate.
- Financial Accounts: Bank accounts, retirements funds, investment portfolios, and other financial holdings fall under the financial aspect of an estate.
- Digital Assets: In our increasingly digital world, digital asserts such as an online accounts, cryptocurrencies, and intellectual property are becoming more relevant in estate planning.
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