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Today's Terms
Assets
Definition:
All property owned by a person that can be used or made available to use in the payment of debts and heirs.
Will
Definition:
A legal document that directs where a person's property should go after that person dies.
Escheat to the state
Definition:
When no heirs have made claims to either all or part of an estate, the state receives the unclaimed estate.
More Probate Terms >
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