decedent's debts

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• debts of decedent — All claims of creditors enforceable in law or equity. 31 Am J2d Ex & Ad § 276. As it appears in a will, the term means obligations of the decedent due or expected to become due in his lifetime. Nolte v Nolte, 247 Iowa 868, 76 NW2d 881, 56 ALR2d… …   Ballentine's law dictionary

• debts — See debt; debts of decedent; debts of the United States …   Ballentine's law dictionary

• decedent's estate — Property, both real and personal, which person possesses at the time of his death, and title to it descends immediately to his heirs upon his death subject to the control of the probate court for the purposes of paying debts and claims and after… …   Black's law dictionary

• decedent's estate — Property, both real and personal, which person possesses at the time of his death, and title to it descends immediately to his heirs upon his death subject to the control of the probate court for the purposes of paying debts and claims and after… …   Black's law dictionary

• indebtedness of decedent — For the purpose of a deduction from the estate in determining an estate or inheritance tax; debts of the decedent allowed in the administration proceeding, not including expenses of administration. 28 Am J Rev ed Inher T § 387. See claim against… …   Ballentine's law dictionary

• just debts of decedent — All claims which could have been enforced by action against the decedent in his lifetime. 31 Am J2d Ex & Ad § 276. Not estate or inheritance taxes or claims upon indebtedness incurred by personal representative of the decedent. Anno: 37 ALR2d 136 …   Ballentine's law dictionary

• assets of a decedent's estate — Property subject to the payment of the debts of the decedent, including real and personal, corporeal and incorporeal, property, but not homestead and other exemptions. 31 Am J2d Ex & Ad § 193. The term has also been defined as being whatever… …   Ballentine's law dictionary

• my just debts — See just debts of decedent …   Ballentine's law dictionary

• heir — / ar/ n: one who inherits or is entitled to succeed to the possession of property after the death of its owner: as a: one who by operation of law inherits the property and esp. the real property of a person who dies without leaving a valid will… …   Law dictionary

• distribution — Division. The transmission of personal property of a decedent by the passing of title to the personal representative for the payment of decedent s debts and claims against the estate, and finally to distribute the remainder to the persons… …   Ballentine's law dictionary

• personal assets — The personal property of a person. Personal property of a decedent vesting in his executor or administrator as assets available for the payment of the decedent s debts, consisting of goods, chattels, money, credits, unpaid legacies, and corporate …   Ballentine's law dictionary