Related Definitions
What is a Distribution?
The process of allocating assets from an estate or trust to beneficiaries or heirs.
The act of allocating and transferring assets from an estate or trust to the designated beneficiaries or heirs according to the terms of a will, trust, or state laws. Distributions can include cash, property, or other assets, and must occur after debts and taxes have been settled. In probate, distributions are typically overseen by the executor or administrator, ensuring compliance with legal requirements and the decedent’s wishes.
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