Definition of "Estate shrinkage"

Frances Smith,ABR, BBA, ePro real estate agent
Frances Smith,ABR, BBA, ePro, Real Estate Agent Access Houston Real Estate

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.

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