Distribute a Decedent's Assets to Beneficiaries

categorization

←Older revision		Revision as of 21:31, 22 June 2016
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	When a person dies their belongings (i.e., assets) are distributed to others (i.e., beneficiaries). This distribution process can take many forms depending on how the decedent set up their property while they were alive. If the decedent passes property to beneficiaries through contract, the assets will be passed along outside of the formal probate process. If the decedent died with a will, property will be distributed in accordance with the will's directions. If the decedent set up a trust, trust property will be distributed that way. If the decedent died without a will or any other means of distribution, his or her property will be distributed in accordance with their state law of intestacy. As an administrator of the decedent's estate or trustee of the decedent's trust, you will be responsible for distributing the decedent's assets to beneficiaries as required.		When a person dies their belongings (i.e., assets) are distributed to others (i.e., beneficiaries). This distribution process can take many forms depending on how the decedent set up their property while they were alive. If the decedent passes property to beneficiaries through contract, the assets will be passed along outside of the formal probate process. If the decedent died with a will, property will be distributed in accordance with the will's directions. If the decedent set up a trust, trust property will be distributed that way. If the decedent died without a will or any other means of distribution, his or her property will be distributed in accordance with their state law of intestacy. As an administrator of the decedent's estate or trustee of the decedent's trust, you will be responsible for distributing the decedent's assets to beneficiaries as required.
		+	[[Category:Wills and Testaments]]
	== Steps ==		== Steps ==