assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
contract: A legal written agreement that becomes binding when signed.
jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.