Trust Distribution
/ˈtrʌst dɪˌstrɪbjuˈʃən/
Definitions
- (n.) The process or act of allocating assets or income from a trust to its beneficiaries according to the terms set forth in the trust document.
The trustee oversaw the trust distribution to ensure each beneficiary received their proper share.
Forms
- trust distribution
- trust distributions
Related terms
See also
Commentary
Trust distribution involves careful adherence to the trust instrument and applicable law, underscoring the fiduciary duties of the trustee.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.