What is LEGAL ASSETS?

That portion of the assets of a deceased party which by law is directly liable, in the hands of his executor or administrator, to the payment of debLs and legacies. 1 Story, Eq. Jur.

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Related Legal Terms

ASSETS, EQUITABLE ASSETS, ASSETS ENTRE MAINS, ASSETS OF A DECEDENT, INDIVIDUAL ASSETS AND DEBTS, LEGAL REPRESENTATIVE, ASSETS HELD FOR SALE, AGED ASSETS, QUICK ASSETS, NET FIXED ASSETS


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