Estate Shrinkage
Definition of "Estate shrinkage"
Decline in an estate's value, when the estate owner dies, because of death-related expenses to include estate taxes, estate administration costs, funeral expenses, and outstanding estate debts. Through proper estate planning, this shrinkage can be minimized.
Popular Insurance Terms
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Total amount of insurance on an insurer's books at a particular time. ...
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Coverage by at least two insurance policies providing the same coverage for the same risk. ...
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