Estate

An estate is a significant piece of property or land owned by an individual, particularly in legal and financial contexts. It often includes buildings, lands, and sometimes valuable assets such as stocks or personal possessions. The term can also refer to the status or condition of someone's property, especially after death, during the distribution of assets.

Estate meaning with examples

• After his passing, the estate of the late artist was auctioned off, drawing interest from collectors worldwide. Numerous valuable paintings and sculptures were sold, showcasing the artist's remarkable talent and influence in the modern art movement. The auction highlighted the significance of preserving cultural heritage through ownership and art.
• The local government is developing a new public park on a sprawling estate that once belonged to a wealthy family. By transforming the land into a recreational area, they aim to increase community well-being and provide residents with a space to enjoy nature, engage in fitness activities, and participate in social events.
• She was overwhelmed by the responsibility of managing her late father's estate, which included multiple properties, investments, and a considerable collection of antiques. Consulting with legal experts, she meticulously organized the distribution of assets among family members while ensuring that her father's wishes were honored and respected throughout the process.
• Investors are keenly interested in purchasing the estate located in the heart of the city, which boasts a historic mansion and sprawling gardens. With its prime location, there are numerous possibilities for development, including luxury apartments or an upscale boutique hotel that could attract tourists and enhance the local economy.