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Simple English definitions for legal terms
distributive share
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A quick definition of distributive share:
A distributive share is the part of an inheritance that someone gets when an estate is divided up according to the law. It's like getting a piece of a pie when it's cut into slices. Each person gets their own slice, or distributive share, of the pie.
A more thorough explanation:
Definition: A distributive share is the portion of an estate that an heir or beneficiary receives through legal distribution.
Example: When a person dies and leaves behind assets, those assets are distributed to their heirs or beneficiaries according to their will or state law. If the estate is worth $1 million and there are four heirs, each heir would receive a distributive share of $250,000.
Explanation: The distributive share is the amount of the estate that each heir or beneficiary is entitled to receive. In the example, each heir receives an equal share of the estate, which is distributed according to the wishes of the deceased or state law. The distributive share can vary depending on the size of the estate and the number of heirs or beneficiaries.