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net estate "net estate" means all the property of which a deceased person had power to dispose by his will (otherwise than by virtue of a special power of appointment) less the amount of his funeral, testamentary and administration expenses, debts and liabilities and estate duties payable out of his estate on his death;
ACT 39 - INHERITANCE (FAMILY PROVISION) ACT 1971
2. Interpretation. |
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See Also: Dictionary |