Lees will provides for a distribution of his property. First, the assets must be collected and inventoried,
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Lee’s will provides for a distribution of his property. First, the assets must be collected and inventoried, however. They may also need to be appraised. Creditors’ claims must be sorted out. Federal and state income taxes must be paid. Finally, the assets must be distributed. Who performs these tasks?
DistributionThe word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Business Law Text and Exercises
ISBN: 978-1305509603
8th edition
Authors: Roger LeRoy Miller, William E. Hollowell
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