Decedent's Estate Law and Legal Definition

A decedent's estate is the real and personal property that an individual owns upon his/her death. Regarding a decedent’s estate someone collects the assets owned by the decedent after paying debts and taxes the decedent owed, and then transfers the remaining property to the people entitled to the property. Taxes pending on the estate should also be paid by the survivors of the decedent who inherited the estate.