decedent's assets
61earmark doctrine — The doctrine, now obsolete, that where a trustee or other fiduciary dies, the owner of money which has been entrusted to the decedent shares as a general creditor in the assets of the decedent s estate, unless the money so held had an earmark and …
62liquidation — /lik wi day sheuhn/, n. 1. the process of realizing upon assets and of discharging liabilities in concluding the affairs of a business, estate, etc. 2. the process of converting securities or commodities into cash. 3. the state of being… …
63property — prop·er·ty n pl ties [Anglo French propreté proprieté, from Latin proprietat proprietas, from proprius own, particular] 1: something (as an interest, money, or land) that is owned or possessed see also asset, estate, interest …
64Insurance — This article is about risk management. For Insurance (blackjack), see Blackjack. For Insurance run (baseball), see Insurance run. In law and economics, insurance is a form of risk management primarily used to hedge against the risk of a… …
65common law — 1. the system of law originating in England, as distinct from the civil or Roman law and the canon or ecclesiastical law. 2. the unwritten law, esp. of England, based on custom or court decision, as distinct from statute law. 3. the law… …
66Probate court — A probate court (also called a surrogate court) is a specialized court that deals with matters of probate and the administration of estates. Probate courts administer proper distribution of the assets of a decedent (one who has died), adjudicates …
67priority — The attribute or quality of that which is earlier or previous in point of time. Precedence. Of lien:–a superiority of security over other liens either in point of time or as declared by law from considerations of public policy. Of claim:–the… …
68CONFLICT OF LAWS — (also called Private International Law) is a branch of the law dealing with the adjudication of a matter which involves some foreign element, for instance, the fact that one of the parties is a foreign citizen, or that the matter at issue arose,… …
69Elective share — An elective share is a term used in American law relating to inheritance, which describes a proportion of an estate which the surviving spouse of the deceased may claim in place of what they were left in the decedent s will. It may also be called …
70Statute of repose — Civil procedure in the United States Federal Rules of Civil Procedure Doctrines of civil procedure Jurisdiction Subject matter jurisdiction Diversity jurisdiction Personal jurisdiction Removal jurisdiction Venue Change of venue …
