Estates

Estates refer to significant assets, often encompassing land, property, and wealth, that a person owns, especially after their death, or the transfer of the same. It can also describe a social class or order within a society, particularly during historical periods like feudalism. Furthermore, 'estates' can denote large-scale residential areas, commercial or industrial complexes. These assets represent a person's total holdings, reflecting their economic standing and inheritance potential. Planning an estate involves legal and financial arrangements for distributing assets after a person's demise.

Estates meaning with examples

• After his passing, the family lawyer meticulously managed the distribution of the vast estates, including several properties and valuable investments. She ensured that all beneficiaries received their entitled inheritances according to the will. This was a long legal process. His heirs were pleased with the outcome. The process ensured proper taxation.
• During the height of feudalism, society was clearly divided into the clergy, the nobility, and the commoners, each forming a distinct social estates with their own privileges and obligations. This structured hierarchical society was essential for the governance of the territory. Power was distributed unevenly. Each estates was separate.
• The developer unveiled plans for a new upscale housing estates, complete with amenities like a clubhouse, swimming pool, and golf course. These communities are in high demand and promise a luxurious lifestyle. The prices reflected the quality of the estates, and the location. The design ensured privacy.
• To effectively manage his complex financial affairs, the business mogul assembled a team to oversee his extensive estates portfolio. The team developed a plan to protect and optimize the holdings. He delegated this task to the specialists. His plan secured his wealth.