Remission of Assets Law and Legal Definition

Remission of assets is the transfer of assets of a decedent's estate by an ancillary representative to the representative at the domicile of the decedent.

The following is an example of a case law referring to remission of assets:

A remission of assets to a receiver in another State would not be a distribution of them. [Second Nat'l Bank v. J. C. Lappe Tanning Co., 198 Mass. 159, 162 (Mass. 1908)].