Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

bénéfice d'inventaire

Read a random definition: traditio

A quick definition of bénéfice d'inventaire:

Term: BÉNÉFICE D'INVENTAIRE

Definition: The benefit of inventory is a legal term that refers to the right of an heir to accept or refuse an inheritance. If the value of the inheritance is less than the debts left by the deceased, the heir can choose to renounce the inheritance and avoid being responsible for the debts. However, if the value of the inheritance is greater than the debts, the heir can accept the inheritance and keep the excess value as a benefit of inventory.

A more thorough explanation:

Definition: Bénéfice d'inventaire is a French term that refers to the difference between the value of an estate's assets and liabilities at the time of the deceased's death. It is a legal concept that protects the heirs of an estate from being held responsible for any debts that exceed the value of the assets they inherit.

Example: Let's say that a person dies and leaves behind an estate worth $500,000. However, the deceased also had debts totaling $200,000. In this case, the beneficiaries of the estate would only be responsible for the remaining $300,000. This is because the benefit of inventory protects them from having to pay more than the value of the assets they inherit.

Explanation: The example illustrates how the benefit of inventory works in practice. It shows that the heirs of an estate are not responsible for any debts that exceed the value of the assets they inherit. This legal concept ensures that beneficiaries are not burdened with debts that they did not incur and protects them from financial liability.

bénéfice de division | beneficial

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
18:28
ruin my thanksgiving law schools uwu
PerpetualCheerfulBeaver
18:53
I really thought a texas schools wave was going to hit today...guess it will be December 1
7Rings
19:00
No news is good news 😜
PerpetualCheerfulBeaver
19:10
the mentality im embracing
ClassyPleasantHeron
19:23
You will see some A waves next week, just before Thanksgiving. Schools like to give people things to talk about over the holidays.
19:26
my predict monday berk from earlier td
snow
19:33
Oregon decision rendered…
snow
19:33
Bro why don’t they just tell me lol
damn ive been under review for a month and no movement, when did u apply snow?
snow
19:39
The day apps opened. I still don’t know what the decision is tho lol
Dang. Crossing my fingers for you!!
snow
19:41
Thank you!!
shaquilleoatmeal
19:44
Snow dude wtf you been
snow
19:46
Working! I was prepping for a trial but it got reset!
snow
19:47
Have you don your gulc interview?
JumpySubsequentDolphin
19:47
@snow: snow!!!! I’m in Oregon should I break into admissions office and demand your decision be sent
shaquilleoatmeal
19:49
Better to be prepared than not, otherwise it always happens when you don’t prep
shaquilleoatmeal
19:50
Yea did it a week and half ago, told us we won’t hear anything until end of December if we’re lucky, most likely first week of jan
shaquilleoatmeal
19:50
Said no one works after Monday this week and no one works week of Christmas
shaquilleoatmeal
19:50
So holiday takes time away from app review
snow
19:54
True @shaq and do it jumpy!!
20:06
Hi everyone! Decided a bit too late that I wanted to go into law. GPA currently stands at 3.76 (one more semester to go) and I'm interested in going into immigration law. Anybody got any advice for LSAT studying and applications? I plan on taking a gap year to have some time for internships and such :)
snow
20:08
Apply for the LSAT fee waiver to try to mitigate the cost of materials! 7Sage is $1 for a year if you have the fee waiver. I also think you should try to work in an immigration firm in some way to see if it’s something you really want to pursue and to add to your resume. Good luck!!! One tip I would also give is to not sign up for the LSAT until you’re practice tests average are around the score you’re aiming for
snow
20:08
Your*
snow
20:08
You got this! :)
madollyy
20:09
thank you snow <3
Dkk
20:15
@madollyy: use LSAT Demon!
Dkk
20:16
Watch their youtube channel too
madollyy
20:23
Would an internship through CHCI help my application as well?
Dkk
20:29
@madollyy: It would help as a soft but the big focus should be GPA while you can and LSAT right now. I would say GPA is 40% of the app, LSAt 50% and everything else 10%.
LSD+ is ad-free, with DMs, discounts, case briefs & more.