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LSDefine

Simple English definitions for legal terms

beneficiary heir

Read a random definition: Realization of gain

A quick definition of beneficiary heir:

A beneficiary heir is someone who inherits property from a person who has died without leaving a will. They are entitled to receive the property according to the laws of intestacy. In some cases, a beneficiary heir may only be responsible for paying off debts up to the value of the inheritance they receive. The term "heir" can also refer to someone who inherits property through a will or by intestate succession, and can include both real and personal property.

A more thorough explanation:

A beneficiary heir is a person who inherits real or personal property, whether by will or by intestate succession. In civil law, a beneficiary heir is an heir who accepts an inheritance but whose liability for estate debts is limited to the value of the inheritance. This means that if the debts of the estate exceed the value of the inheritance, the beneficiary heir is not responsible for paying the difference.

For example, if John's father dies and leaves him a house worth $200,000, but the estate has debts of $300,000, John is only responsible for the value of the house. He does not have to pay the additional $100,000 in debt.

Beneficiary heirs are different from unconditional heirs, who choose to inherit without any reservation or without making an inventory. Unconditional heirs are responsible for all debts of the estate, even if they exceed the value of the inheritance.

beneficial improvement | beneficio primo ecclesiastico habendo

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JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
soyalmondoatmilk
8:38
good morning! hoping waves will come our wave today
8:42
GW wave today?
8:57
There’s someone I found on here with the username threeoutchange and if my understanding is correct that’s a reference to the debut album by a pretty cool 90s-00s Japanese band called Supercar. I geeked a little
8:57
It could just be a baseball reference I don’t get though lol
Dkk
9:00
@renard99: also, the same band that does a song in the anime Eureka 7 which I watched when I was like idk, 12
9:00
Yeah! They are pretty good. Three Out Change is an awesome J-rock record
Dkk
9:01
I will probably not listen to them more but fun fact. Really random to start the day. An omen that the waves will be very random today.
Dkk
9:03
Fuck, reading the wikipedia now. Literal last song they did before they broke up was Storywriter. Wow.
9:05
That one is a masterpiece
9:05
My favorite song by them is Recreation
glovediedthisishismom
9:05
snowing
Dkk
9:07
@renard99: man, hard to find.
Dkk
9:07
@glovediedthisishismom: Congrats on the snow.
Dkk
9:16
@renard99: Poetic and nice.
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