legal asset

A decedent’s asset that by law is subject to the claims of creditors or legacies.

— Also termed probate asset. [Cases: Executors and Administrators 38. C.J.S. Executors and Administrators §§ 2, 121, 130.]

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词条贡献者

资深译员王漾，毕业于一所培养高级翻译以及跨文化事务专家的精英大学，专注翻译各种与税收策略及补贴有关的法律文件。