decedent's assets
111succession — The devolution of title to property under the law of descent and distribution. The act or right of legal or official investment with a predecessor s office, dignity, possession, or functions; also the legal or actual order of so succeeding from… …
112administration expenses — Items such as court costs, premium for surety bond, payments made for the preservation of the property of the estate while administration is pending, insurance premiums, attorney s fees incurred in litigation necessary in the preservation of the… …
113collation of advancements — the grouping with the assets of a decedent s estate of an intestate s estate of the value of property given by him by way of advancement to heirs or distributecs during his lifetime, so that the whole may be divided so far as possible in… …
114devastavit — Mismanagement of the estate and effects of a decedent, or a misapplication or waste of the assets, in violation of the duty imposed upon an executor or administrator. 31 Am J2d Ex & Ad § 265 …
115family allowance — An allowance in a judgment for divorce or separation for the support of the child or children of the parties, often granted in a unitary award for wife and child or children. 24 Am J2d Div & S § 664. An award to be paid by the personal… …
116fund — Noun: A sum of money, either in hand or on deposit in a bank or other institution. A deposit or accumulation of resources, such as the assets of a decedent s estate, from which supplies are drawn, out of which expenses are provided, or which may… …
117hotchpot — The blending and mixing of property belonging to different persons in order to divide it equally. Pitts v Metzger, 195 Mo App 677, 187 SW 610. The grouping with the assets of a decedent s estate of the value of property given by him by way of… …
118implied assignment — An assignment by operation of law, for example, the passing of a decedent s personal assets to the executor or administrator of his estate. 6 Am J2d Assign § 2 …
119insolvency — The insufficiency of the entire property and assets of an individual to pay his debts. 29 Am J Rev ed Insolv § 2. In a practical commercial sense, the inability of a person to pay his debts as they become due in the ordinary course of his… …
120inventory — An itemized list or schedule of articles in a stock of goods or merchandise, usually including notations of values. 29A Am J Rev ed Ins § 946. The foundation of the bookkeeping required by the bookkeeping clause of a fire insurance policy… …
