Distributee


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Distributee

An heir; a person entitled to share in the distribution of an estate. 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 dead intestate.

See: legatee
References in periodicals archive ?
All persons having claims against the estate must exhibit them, properly verified, to the distributee or his or her attorney within three (3) months Irom the dale of the first publication of this notice or they shall be forever barred and precluded from any benefit of the estate.
In very general terms, section 751(b) recharacterizes certain distributions as taxable exchanges between the partnership and the distributee partner.
5 of the EPTL in order to entitle non-marital children to participate in wrongful death actions as paternal distributees.
The 529 Plan must furnish a statement to the distributee on or before 31 January of the year following the calendar year in which the distribution is made.
The former spouse's argument that she was an alternative payee eligible to be treated as the distributee under a qualified domestic relations order (QDRO) was rejected by the court.
283) This view of the transaction explains why the distribution is taxed to the donor, instead of to the donee, for income tax purposes, (284) and why the distributed amount is treated as a gift from the donor to the distributee for gift and income tax purposes.
A disproportionate distribution can occur when: 1) the partner receives more than his or her share of hot asset (4) items in a partnership distribution; or 2) the partner receives less than his or her share of hot asset items in a partnership distribution; or 3) the distributee partner's redistribution allocation of hot assets changes.
On March 28, 2014, an Affidavit for Collection of Small Estate by Distributee was Filed with respect to the Estate of Harold J.
6) For these purposes, the FMV cannot be less than any liabilities to which the property is subject and that the distributee assumed.
For any distribution eligible for rollover, an employer plan must offer the distributee the right to have the distribution made in a direct rollover and, before the distribution, the plan administrator must give the distributee a written explanation of the direct rollover right and related tax consequences.
While concluding that the account holder was the sole distributee, the Court, in a footnote, said that it was not addressing whether [section] 408(g) preempts community property interests in IRAs altogether.
But section 402(e)(1)(A)(formerly 402(a)(9)) provides the exception whereby an "alternate payee who is the spouse or former spouse of the participant shall be treated as the distributee .

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