decedent's assets
11collector of decedent's estate — A person temporarily appointed by the probate court to collect rents, assets, interest, bills receivable, etc., of a decedent s estate, and act for the estate in all financial matters requiring immediate settlement. Such collector is usually… …
12situs of assets — The location of assets left by a decedent, determinative of jurisdiction for administration. 31 Am J2d Ex & Ad § 38 …
13nonprobate assets — Property left by a decedent not subject to administration by his personal representative …
14nontestamentary assets — Property left by a testate decedent which does not pass under his will …
15real assets — Real estate left by a decedent which is subject to payment of his debts. 31 Am J2d Ex & Ad § 196. Broadly, real property …
16inheritance — /in her i teuhns/, n. 1. something that is or may be inherited; property passing at the owner s death to the heir or those entitled to succeed; legacy. 2. the genetic characters transmitted from parent to offspring, taken collectively. 3.… …
17Probate — Not to be confused with Probation. Wills, trusts and estat …
18administration of estates — The management and settlement of the estate of an intestate decedent, or of a testator who has no executor, performed under the supervision of a court, by a person duly qualified and legally appointed, and usually involving: (1) the collection of …
19administration of estates — The management and settlement of the estate of an intestate decedent, or of a testator who has no executor, performed under the supervision of a court, by a person duly qualified and legally appointed, and usually involving: (1) the collection of …
20IRD asset — The income in respect of a decedent (IRD) asset is part of inheritance which consists of taxable income to which the deceased person was entitled to, but failed to receive before their death. A typical case is the last paycheck, which may be left …
