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Preliminary Distribution
The act of distributing Estate Assets to Beneficiaries prior to paying all outstanding debt during Probate.
Typically this requires the approval of Probate Court as its need is circumstantial (ex: if a car is not maintained its value may decrease over time, or a college student may need tuition support).
Also known as Early Beneficiary Distribution.
Typically this requires the approval of Probate Court as its need is circumstantial (ex: if a car is not maintained its value may decrease over time, or a college student may need tuition support).
Also known as Early Beneficiary Distribution.