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Augmented estate

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Augmented Estate Generally, property owned by both a deceased person and the surviving spouse, plus any property the deceased spouse gave away shortly before death. The concept of an augmented estate is used only in some states.

 


AUGMENTED ESTATE : The probate estate of the decedent reduced by funeral and administration expenses, the homestead, family allowances, and exemptions, liens, mortgages, and enforceable claims.

augmented estate
In general terms, an augmented estate consists of property owned by both a deceased person and his or her spouse. The concept of the augmented estate is used only in some states.

Calculation of the augmented estate
The elective share is usually calculated from assets beyond those in the probate estate alone, and the assets that are added together to make this calculation are referred to as an augmented estate.

See also: Estate, Property, Statutory, Claims, Share

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