Distribution

The act of dividing a decedent’s assets according to the terms of the decedent’s willA legal document which expresses a person’s final wishes about what happens to their property after they pass away, often specifically identifying intended beneficiaries for specific items of property., the terms of a trustAn arrangement in which property interests are legally held by one person (the trustee) at the request of another (the settlor) for the benefit of a third party (the beneficiary)., or according to the laws of intestacyThe type of estate for a person who passed away without having made a valid will. Intestacy laws define who should receive the decedent’s assets..