BizTerm Definition
Augmented Estate
Full Definition

A deceased person's augmented estate consists of property left by the will plus certain property transferred outside of the will by such devices as gifts, joint tenancies and living trusts. The value of the augmented estate is calculated only if the surviving spouse declines whatever he or she was left by will and instead claims a share of the estate. (This is called taking against the will.) The amount of this "statutory share" depends on state law. A surviving spouse can generally claim one-third to one-half of the augmented estate.

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