Am Estates Gross value is the value of an estate before the debts, liens on estate property, and probate costs.
For example, for purposes of the gross estate, the value of the house would be the market value without deducting what is owed on the mortgage. A house worth $300,000 with a $200,000 mortgage, would mean a gross estate of $300,000, even though the net value is only $100,000. Some states calculate probate statutory attorney fees and personal representative fees based on the gross value of the estate.