Distributee– a person entitled to take or share in the property of a decedent who died without a will. From our office in Manhattan, the dedicated lawyers at Antonelli & Antonelli, represent clients facing estate matters throughout New York City. This term is used to denote one of the persons who is entitled, under the statute of distributions, to the personal estate of one who is … A distributee is also often referred to as an “heir-at-law” and is less formally known as “the next of kin”. The trustee(s) (there may be more than one) of a trust may be a person or a company (the latter is known as a corporate trustee). The distributee can sign a waiver and consent to the appointment of the Executor or come to court to disagree with the appointment. *{{quote-news, year=2012 , date=September 7 , author=Dominic Fifield , title=England start World Cup campaign with five-goal romp against Moldova , work=The Guardian citation, page= , passage=The most obvious beneficiary of the visitors' superiority was Frank Lampard.

See more. My answer is that a beneficiary takes under a will or trust, whereas a distributee takes under the intestacy laws. [1] Beneficiary– a person entitled to any part or all of an estate. [3] Devisee– a person designated by a will to receive a transfer of real property. You are the lucky beneficiary of this special offer. A “universal legatee" is a term used only in Louisiana, the only state to apply civil law, while the rest of the country applies common law. As noted above, the term “qualified beneficiary” includes a living beneficiary who “[w]ould be a distributee or permissible distributee of trust income or principal if the trust terminated in accordance with its terms on that date.” §736.0103(16)(c) F.S. Noun (beneficiaries) One who benefits or receives an advantage. The definition of a beneficiary is quite broad, so yes, it does include legatees, and it would include devisees as well. A New York City distributee lawyer can advise you on your rights and assert them for you.
A distributee is also often referred to as an “heir-at-law” and is less formally known as “the next of kin”.
2013 New York Consolidated Laws EPT - Estates, Powers & Trusts Article 12 - ACTIONS BY CREDITORS AND OTHER PERSONS AGAINST DISTRIBUTEES AND TESTAMENTARY BENEFICIARIES Part 1 - (12-1.1 - 12-1.3) LIABILITY OF DISTRIBUTEES AND TESTAMENTARY BENEFICIARIES AND ACTION THEREON 12-1.1 - Liability of distributees and testamentary beneficiaries… Distributee: An heir; a person entitled to share in the distribution of an estate. What is a Distributee? Definition of DISTRIBUTEE: (noun) / a person entitled to take or share in the property of a decedent under the statutes governing descent and distribution (New York Estates, Powers, & Trusts Law §4-1.1). [1] Beneficiary– a person entitled to any part or all of an estate. In either case, the trustee must be legally capable of holding trust property in their own right. Who Is a “Universal Legatee?" Distributee– a person entitled to take or share in the property of a decedent who died without a will. The trustee holds the trust property for the benefit of the beneficiaries. [3] Devisee– a person designated to receive a transfer by will of real property. Search Our Site. New York Estates, Powers and Trusts Law ("EPTL") Section 1-2.5 defines a distributee as "a person entitled to take or share in the property of a decedent under the statutes governing descent and distribution". A beneficiary is a distributee, but a distributee is not necessarily a beneficiary, which explains why the courts use the broader term. Please fill out the contact form on this page to connect with our …

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Definition of DISTRIBUTEE: (noun) / a person entitled to take or share in the property of a decedent under the statutes governing descent and distribution (New York Estates, Powers, & Trusts Law §4-1.1). Trustees and beneficiaries Trustees. Get Help Now. Beneficiaries who will inherit something under the will must be notified of the probate proceeding. [2] Legatee– a person designated by a will to receive a transfer of personal property. [2] Legatee– a person designated to receive a transfer by will of personal property. Distributee definition, a person who shares in a decedent estate.


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