The term "net estate" refers to the total value of a person's assets after all debts, taxes and expenses have been paid. Synonyms for this term include "net worth," "estate value," "total value," "property value," and "estate net worth." Other related terms include "personal assets," "liquid assets," "fixed assets," and "real estate assets." When planning for one's estate, it is important to have a clear understanding of one's net estate and all its components in order to ensure that assets are protected and distributed according to one's wishes after death. It is also important to regularly update one's net estate calculations to account for any changes in asset value or debt.