What is a deed of distribution?

A deed of distribution is a legal document used in Massachusetts property law that determines how the assets of a deceased person, also known as a decedent, are to be distributed according to the decedent’s wishes. The document outlines who should receive the decedent’s property and assets. It is usually created and signed by the executor of the decedent’s estate, which is an individual or legal entity (such as a trust or corporation) appointed to carry out the decedent’s wishes as specified in their will. The deed of distribution outlines the distribution of assets according to the decedent’s wishes, including items such as stocks, bonds, real estate, and other property. The document typically includes names of the beneficiaries and any conditions they must fulfill to receive the assets. It also describes the fiduciary duties of the executor and clarifies the executor’s responsibilities in ensuring that the distributions are made in accordance with state and federal law. Once the deed of distribution is signed and approved by the appropriate parties, it becomes binding and cannot be changed. It is then presented to the probate court for confirmation. Once approved, the deed of distribution is the official record of how the decedent’s assets are to be distributed.

Related FAQs

What is the doctrine of fixtures?
What rights do tenants have?
What is an exercise of option?
What is a tenancy in common?
What is a deed of distribution?
What happens if a title defect is discovered?
What is an easement in gross?
What is an exclusive right-to-sell agreement?
What is the rule against perpetuities?
What is the “lost document rule”?

What is a deed of distribution?

Related FAQs

Related Blog Posts