decedent's assets
71hotchpot — hotch·pot / häch ˌpät/ n [Anglo French hochepot, from Old French, thick soup or stew, from hochier to shake + pot pot] 1: the combining of properties into a common lot to ensure equality of division among those entitled to a share of an estate… …
72intestacy — in·tes·ta·cy /in tes tə sē/ n pl cies 1: the state of dying intestate: an intestate state or condition the invalidation of the will resulted in her intestacy 2: intestate succession at …
73probate — pro·bate 1 / prō ˌbāt/ n [Latin probatum, neuter of probatus, past participle of probare to test, approve, prove] 1 a: the process of proving in a court of competent jurisdiction (as a probate court) that an instrument is the valid last will and… …
74stepped-up basis — An increased basis (value that is used to determine taxable profit or loss when property is sold) given to inherited property that went up in value after the deceased person acquired it but before the new owner inherited it. The basis of the new… …
75step-up in basis — USA stepped up basis, Also known as step up in basis. basis that is higher than the transferor s basis. For example, a buyer often receives a stepped up basis in assets acquired in a transaction structured as an asset acquisition and a transferee …
76ancillary administrator — see administrator Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. ancillary administrator …
77administrator — (f administratrix) A person appointed by the court to administer (i.e., manage or take charge of) the assets and liabilities of a decedent (i.e., the deceased). Such person may be a male (i.e., administrator) or a female (i.e., administratrix).… …
78administrator — (f administratrix) A person appointed by the court to administer (i.e., manage or take charge of) the assets and liabilities of a decedent (i.e., the deceased). Such person may be a male (i.e., administrator) or a female (i.e., administratrix).… …
79pecuniary — /pakyuwn(i)yariy/ Monetary; relating to money; financial; consisting of money or that which can be valued in money. As to pecuniary consideration pecuniary damages pecuniary legacy; see those titles @ pecuniary benefits Benefits that can be… …
80not administered — Literally, assets of a decedent, sometimes his entire estate, not subjected to administration in a probate court. At common law, goods, chattels, and credits not administered, meant goods, chattels, and credits which had been the property of the… …
