Deed of Distribution
Deed of Distribution
A Deed of Distribution is a legal document used in estate administration to transfer real property from the estate to beneficiaries. Key points include:
1. Executed by the executor or personal representative of the estate
2. Transfers ownership of real property to heirs or beneficiaries
3. Typically used after probate is complete
4. Contains property description, beneficiary details, and transfer terms
5. Must be recorded with the appropriate county office
6. Serves as evidence of property ownership for the beneficiary
This document formalizes the transfer of real estate as specified in the will or by intestate succession laws. It’s an essential step in closing an estate and ensuring proper legal transfer of property ownership. The Deed of Distribution provides a clear chain of title, which is crucial for future property transactions. While it’s often prepared by an attorney, executors should understand its importance in the estate settlement process.