noun
- Plural of distributee; persons or entities who receive a distribution of property, assets, or funds, especially from an estate, trust, or business.
Usage: Legal/formal term; Commonly used in estate planning and probate law
Examples
- The will named three distributees who would share the estate equally.
- All distributees must provide identification before receiving their inheritance.
- The trust agreement specifies which distributees are entitled to annual payments.
- The executor notified the distributees of the probate timeline.
- Distributees of the partnership assets signed the distribution agreement.