Legal assets
Black's Law Dictionary · Henry Campbell Black, M.A. · 1910
Black's Law Dictionary
That portion of the assets of a deceased party which by law is directly liable, in the hands of his executor or administrator, to the payment of debts and legacies.
1 Story, Eq. Jur. § 551.
Such assets as can be reached in the hands of an executor or administrator, by a suit at law against him.