legal asset

legal asset

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

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


What is the legal equivalent of the term legal asset in Chinese?
TermBase About LegalLingo
LegalLingo, a Shanghai-based translation agency, is a recognized leader in comprehensive legal language solutions for the legal industry. We provide the world’s leading law firms and corporate legal teams with a full suite of services, ranging from the translation of contracts and compliance documentation to full-scale multilingual litigation requiring certified translation and Chinese document review. We deliver customized legal document translation solutions based on your case’s size and budget requirements, utilizing industry-leading technology to ensure accuracy, lower costs and faster turnaround times.