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LSDefine

Simple English definitions for legal terms

bénéfice d'inventaire

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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

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19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
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