The overall dollar value of property and assets where an individual had an interest during the time of her or his departure. The gross estate amount is the gross value of someone "s estate before obligations including taxes and debt are deducted. When someone dies, executress or the executor of the estate performs an evaluation of the assets belonging to the dead person including other investments, stocks, bonds, real property and personal property. The gross estate amount is usually made for national income tax purposes, and is the amount where liabilities is likely to be deducted to learn the net estate worth.