General Estate Law and Legal Definition

General Estate is the entire estate both real and personal of a person, Particularly it is the entire property left by a decedent. In a more narrow sense, general estate is that part of the estate of a decedent, a bankrupt, a debtor in receivership, or an assignor under an assignment for the benefit of creditors, which is available for the payment of claims of general creditors. In a more technical sense, it is the residuary estate, the property of the decedent not specifically devised or bequeathed.