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Simple English definitions for legal terms
successio in universum jus
Read a random definition: trader's settlement
A quick definition of successio in universum jus:
Successio in universum jus: This is a Latin term used in Roman law to describe what happens to a person's things when they die. It means that everything the person owned, including their debts, goes to one person or group of people. This happens whether the person had a will or not. It's like when you play a game and someone wins all the pieces at the end. Another term related to this is hereditas, which means the same thing but is used more generally to describe an inheritance.
A more thorough explanation:
Successio in universum jus is a Latin term used in Roman law to refer to the succession on death to the entirety of a deceased person's assets and liabilities. It applies whether the person died testate or intestate, and whether in trust for another or not. This term is also known as hereditas jacens.
- When John died, his entire estate, including his debts, passed on to his son under the principle of successio in universum jus.
- Hereditas jacens refers to property belonging to an estate before an heir accepts it. For example, if a person dies and leaves behind a will, the property mentioned in the will becomes hereditas jacens until the executor accepts it.
The examples illustrate how the principle of successio in universum jus applies to the entirety of a deceased person's assets and liabilities, and how hereditas jacens refers to property that has not yet been accepted by an heir or executor.