Collect and manage assets


Senior Member
Czech Republic, Czech

I am translating Estate closing order, which settles and distributes the estate to the beneficiaries and it is written there that the executor of the will "collected and managed assets of the Estate." I am not sure about the meaning of assets in this context. Do assets refer to any payments received or due or is it more general?
  • bluegiraffe

    Senior Member
    English - England
    Assets are anything owned by the estate. Companies also have assets including their buildings, company cars, machinery, computers etc. An Estate is anything the person who has died owned. This includes buildings, furniture, cars, any other items and money they had.
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