First of all, it is important to define what an estate is. In
essence, an estate is anything of value that you own, such as
jewelry, artwork, cars, the house where you live, the investment
property you bought on the beach, the country house, bank accounts,
securities, insurance policies, in short, an estate is anything
that has a value and is susceptible to being transferred to your
heirs or third parties, whether they are legal entities or physical
persons. Likewise, those assets that are not yet in your possession
are part of your estate, such as an inheritance that you are about
to receive, any debt that is owed to you, a compensation that you
are owed for finalizing a lawsuit. Still, we must not forget debts
(mortgage loans, credit cards, taxes, etc.) since they are also
part of a person's assets.
