Definition of HEIR, BENEFICIARY


HEIR, BENEFICIARY

A term used in the civil law. Beneficiary heirs are
those who have accepted the succession under the benefit of an inventory
regularly made. Civ. Code of Lo. art. 879. If the heir apprehend that the
succession-will be burdened with debts beyond its value, he accepts with
benefit of inventory, and in that case he is responsible only for the value
of the succession. See inventory, benefit of.


Source: Bouviers Law Dictionary 1856 Edition

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