"Assets entre mains" is a French legal term that translates to "assets in hand" in English. It refers to the property or belongings that are directly under someone's possession and control. This term is commonly used in financial and legal contexts, such as estate planning, bankruptcy proceedings, and business ownership.
In the context of estate planning, "assets entre mains" refers to all the assets and properties that an individual owns at the time of their death. These assets can include real estate, bank accounts, investments, vehicles, personal belongings, and any other valuable possessions. It is essential for individuals to make a comprehensive inventory of their assets entre mains to ensure that their estate is properly managed and distributed according to their wishes.
In bankruptcy proceedings, assets entre mains are the assets that are immediately available to satisfy creditors' claims. These assets are typically liquid and can be easily converted into cash. It is necessary to identify and value all assets entre mains as part of the bankruptcy process to determine the debtor's financial standing and the extent to which creditors can be repaid.
In business ownership, "assets entre mains" refers to the assets held by a company or an individual that are directly involved in the day-to-day operations and contribute to the generation of revenue. These assets can include cash, inventory, equipment, patents, trademarks, and goodwill. Identifying and effectively managing assets entre mains is crucial for business owners to maximize their profitability and maintain financial stability.
