Assessors

Those appointed to make assessments. rin Civil and Scotch Law. Persons skilled in law, selected to advise the judges of the inferior courts.

Bell, Diet.; Dig. 1. 22; Code, 1. 51.

ASSETS (Fr. assez, enough). All the Equivalent to "property."

2 Sandf. (N. Y.) 202.

The property in the hands of an heir, executor, administrator, or trustee, which is legally or equitably chargeable with the obligations which such heir, executor, administrator, or other trustee is, as such, required to discharge.

Equitable Assets

Such as can be reached only by the aid of a court of equity, and which are to be divided, pari passu, among all the creditors.

2 Fonbl. Eq. 401 et seq.; Willis, Trustees, 118.

Legal Assets

Such as constitute the fund for the payment of debts according to their legal priority.

Assets per Descent

That portion of the ancestor's estate which descends to the heir, and which is sufl Scient to charge him, as far as it goes, with the specialty debts of his ancestors.

2 Williams, Ex'rs, 1011.

Personal Assets

Goods and personal chattels to which the executor or administrator is entitled.

Real Assets

Such as descend to the heir, as, an estate in fee simple. ASSETS ENTRE IVIAINS (Law Fr.) Assets in hand; assets in the hands of executors or administrators, applicable for the payment of debts.

Termes de la Ley; 2 Bl. Comm. 510; 1 Crabb, Real Prop. p. 23, § 31.

Called, in modern law, "personal assets."