BENEFIT OF INVENTORY

By SovConn | November 21, 2014

benefit of inventory.Civil law. The principle that an heir’s liability for estate debts is limited to the value of what is inherited, if the heir so elects and files an inventory of the estate’s assets. — Also termed bénéfice d’inventaire. [Cases: Descent and Distribution  119.C.J.S. Descent and Distribution §§ 112, 114, 123.][Blacks Law 8th]

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