18:49
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Simple English definitions for legal terms
expectant distributee
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A quick definition of expectant distributee:
Term: Expectant Distributee
Definition: An expectant distributee is someone who is waiting to receive a share of an estate after the death of the person who owned it. This person is usually a family member or a beneficiary named in a will. They are called "expectant" because they have not yet received their share, but they are entitled to it.
Example: John's father passed away and left behind a will. In the will, John was named as an expectant distributee and was entitled to receive a portion of his father's estate. However, John would only receive his share after the estate was settled and all debts and taxes were paid.
A more thorough explanation:
Definition: An expectant distributee is a person who is entitled to receive a share of an estate but has not yet received it. This can occur when the estate is still being settled or when the distribution has been delayed for some reason.
Example: John's father passed away and left him and his siblings an inheritance. However, the estate is still being settled, and John has not yet received his share. He is considered an expectant distributee.
Explanation: In this example, John is entitled to receive a share of his father's estate, but he has not yet received it. Therefore, he is an expectant distributee. This term is used to describe someone who is waiting to receive their inheritance.