Legal Definitions - quae sunt in patrimonio nostro

The Latin phrase quae sunt in patrimonio nostro translates to "things that are part of our patrimony" or "things that belong to our estate."

This legal concept refers to all the assets, property, and rights that an individual or entity legally owns and possesses. It encompasses everything that constitutes one's wealth, holdings, or estate, whether tangible (like land or money) or intangible (like intellectual property rights).

• Example 1: An Individual's Personal Holdings

  Imagine a person who owns their primary residence, a car, a diversified investment portfolio, and a collection of antique books. These items represent their accumulated wealth and possessions.

  Explanation: The house, car, investments, and book collection are all "quae sunt in patrimonio nostro" because they are legally owned by the individual and collectively form their personal estate and financial standing.

• Example 2: A Company's Assets

  Consider a technology company that owns its office building, holds patents for its unique software, possesses a significant amount of cash in its bank accounts, and has a fleet of company vehicles.

  Explanation: The office building, patents, cash reserves, and company vehicles are all "quae sunt in patrimonio nostro" for the business. They are the company's assets, contributing to its overall value and operational capacity.

• Example 3: Inherited Property

  Upon the death of a wealthy individual, their will outlines the distribution of their valuable art collection, a vacation home, and shares in a family business to their heirs.

  Explanation: Before their distribution, the art collection, vacation home, and business shares were "quae sunt in patrimonio nostro" of the deceased. They represented the entirety of their accumulated wealth and possessions that now form their estate, subject to inheritance laws.