descent and distribution
Descent and distribution refers to the area of law governing how an estate’s assets are disbursed when someone passes away. If a person leaves a valid will, the assets will normally be distributed according to the owner’s wishes, and if not, the state intestate laws will determine how the property will be distributed.
[Last reviewed in June of 2021 by the Wex Definitions Team]
Wex
- LIFE EVENTS
- family & personal matters
- financial events
- wills
- PROPERTY
- trusts
- inheritances & estates
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