Related Definitions
What is a Disbursement?
The payment or distribution of estate or trust funds to beneficiaries or creditors.
The process of distributing funds or assets from an estate or trust to beneficiaries or creditors. Disbursements may occur after debts have been settled and any necessary taxes have been paid. In probate, the executor or administrator is responsible for making disbursements according to the will or applicable laws, ensuring that beneficiaries receive their entitled shares of the estate.
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