The term “reliqua” is used in civil law to describe the outstanding balance of a debt that remains unpaid after the account has been balanced or liquidated.
Reliqua is a term in civil law that denotes the outstanding balance of a debt after the account has been settled or liquidated. It represents the amount that the debtor still owes to the creditor. For instance, if John owes $500 to his creditor and he pays $300, the remaining balance of $200 is referred to as reliqua. This example demonstrates the usage of reliqua in civil law to describe the remaining unpaid portion of a debt after a partial payment has been made.
Reliqua is a legal term that refers to property or assets that remain after all debts and obligations have been settled in a deceased person’s estate.
Reliqua is typically distributed according to the deceased person’s will or, in the absence of a will, according to the laws of intestate succession.
Yes, Reliqua can be contested if there are disputes or disagreements among the beneficiaries or potential heirs regarding the distribution of the remaining assets.
Creditors have the right to make claims against Reliqua to satisfy any outstanding debts owed by the deceased person. However, the priority of these claims may vary depending on the jurisdiction.
Yes, Reliqua can be used to pay estate taxes if there are any outstanding tax liabilities. However, the specific rules and regulations regarding estate taxes may vary depending on the jurisdiction.
Yes, Reliqua can be sold or transferred to another party, either through a sale or as a gift, as long as all legal requirements and procedures are followed.
Reliqua can be used to settle legal disputes if the assets in question are part of the remaining estate. However, it is important to consult with a legal professional to understand the specific circumstances and options available.
Distant relatives may have a claim to Reliqua if they are eligible under the laws of intestate succession. The specific rules regarding who can claim Reliqua may vary depending on the jurisdiction.
Yes, Reliqua can be used to establish a trust or foundation, allowing the remaining assets to be managed and distributed according to specific instructions or charitable purposes.
Yes, estate administration fees may be applicable to Reliqua, depending on the jurisdiction and the complexity of the estate administration process. It is advisable to consult with a legal professional to understand the specific fees and requirements.
This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
This glossary post was last updated: 17th April 2024.
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