The term "ex bonis" is derived from Latin, meaning "of the goods" or "of the property." In legal contexts, it refers to property or assets that are not currently in the actual possession of an individual. This term is often used in civil law to distinguish between property that one has physical control over and property that one has a legal claim to but does not physically possess.
Ex bonis is primarily used in civil law, particularly in matters involving property rights and estate management. It can be relevant in various legal areas, including:
Understanding this term is crucial for individuals dealing with legal documents related to property ownership, inheritance, or claims against an estate. Users can benefit from utilizing legal templates available through resources like US Legal Forms to manage their legal needs effectively.
Here are a couple of examples of abatement:
Here are a couple of examples illustrating the use of "ex bonis":
Examples of state differences (not exhaustive):
| State | Legal Context | Notes |
|---|---|---|
| California | Property law | Recognizes ex bonis in estate claims. |
| New York | Bankruptcy | Uses ex bonis in asset listings during bankruptcy proceedings. |
| Texas | Estate planning | Clarifies ownership rights in ex bonis property. |
This is not a complete list. State laws vary, and users should consult local rules for specific guidance.
| Term | Definition | Key Differences |
|---|---|---|
| In bonis | Refers to property that is in actual possession. | Contrasts with ex bonis, which is not physically possessed. |
| Possessory interest | Legal right to possess property. | Possessory interest indicates physical control, unlike ex bonis. |
If you find yourself dealing with property classified as ex bonis, consider the following steps:
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| Attribute | Details |
|---|---|
| Definition | Property not in actual possession but legally owned. |
| Legal Areas | Property law, estate planning, bankruptcy. |
| Related Terms | In bonis, possessory interest. |
It means "of the goods" or "of the property," referring to property not currently in possession.