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23:16 Feb 20, 2008
This question was closed without grading. Reason: No acceptable answer

Spanish to English translations [PRO]
Business/Commerce (general)
Spanish term or phrase: efectivas
Registro Nacional de Posesiones Efectivas de Herencias Intestadas

Real, actual, cash?
United States
Local time: 22:52

Summary of answers provided
4unclaimed (liquid) property
4actual possessions
Ximena Correa
4 -1legal

Discussion entries: 1



8 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
unclaimed (liquid) property

When someone dies and there is no heir or beneficiary to be found, the state takes possession after a certain period of time and again holds it for a specified time. If no heir or beneficiary is found, it then becomes property of the state.

In California, it does not include real property, but could be cash, stocks, bonds, insurance polices, contents of safety deposit boxes, etc.

Local time: 22:52
Works in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 319

Peer comments on this answer (and responses from the answerer)
agree  AllegroTrans: this sounds much more natural than the other suggestions
4 hrs
  -> thanks

disagree  traductorchile: Your answer refers to Herencias Intestadas and the question is about Posesiones "Efectivas"
8 hrs
  -> Excuse me! You better read the question again. ".....Herencias Intestadas"
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21 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): -1

Legal possession of funds or inheritance

Note added at 17 horas (2008-02-21 16:29:56 GMT)

The following links might help clear the confusion:
Tax estate (in the sense of taxable estate)

Inheritance Claim
When someone dies in Spain the law is that the inheritance claim must be made withinsix months of the death. This involves preparation of a notarial deed by the next of kinaccepting the inheritance and the liability of the taxes which will be applied as a result.

Note added at 18 horas (2008-02-21 18:14:42 GMT)

Inheritance claim
people who can make an inheritance claim

Local time: 03:52
Specializes in field
Native speaker of: Native in EnglishEnglish, Native in SpanishSpanish
PRO pts in category: 4

Peer comments on this answer (and responses from the answerer)
disagree  AllegroTrans: all possessions are (or at least should be!) "legal" but the context here is specifically possessions relating to intestate estates, i.e. that have not been claimed
12 hrs
  -> Posesión efectiva means the property of a decedent that can be inherited by the claimants (descendants). I put "legal" because I couldn't find the exact procedure (concept or definition) in the english language, and legal meant taxable estates
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1 hr   confidence: Answerer confidence 4/5Answerer confidence 4/5
actual possessions

Posesión efectiva es el trámite legal para liberar una herencia

Note added at 21 horas (2008-02-21 20:22:25 GMT)

I invite to to visit a Personal Glossary: Magdalena Reyes [Law]

    Reference: http://www.businessdictionary.com/definition/actual-possessi...
    Reference: http://legal-dictionary.thefreedictionary.com/possession
Ximena Correa
Local time: 03:52
Specializes in field
Native speaker of: Spanish
PRO pts in category: 20

Peer comments on this answer (and responses from the answerer)
agree  Nelida Kreer: Voy contigo en esta. Correcto.
4 hrs
  -> gracias Niki-k

agree  MikeGarcia: O "valid". Tienes al AVH Legal contigo, Ximena. Pág. 720, "efectividad2".-
11 hrs
  -> ok. gracias!

disagree  traductorchile: Actual possession = posesión de hecho, La posesión efectiva es un trámite legal y en el contexto se refiere a un registro relacionado con ese trámite en cuanto a una herencia intestada
15 hrs

disagree  AllegroTrans: These are not "actual" possessions at all - they are possessions held in trust for an intestate estate
18 hrs
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