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A distribution is any money paid to the benefit or care of the beneficiary. After all of the disbursements are made, the deceaseds outstanding debts are settled, and all final taxes are paid, the executor can distribute the remaining assets to the beneficiaries.
Most assets can be distributed by preparing a new deed, changing the account title, or by giving the person a deed of distribution. For example: To transfer a bank account to a beneficiary, you will need to provide the bank with a death certificate and letters of administration.
As with an insolvent estate, bankrupt estates are required to pay the reasonable funeral and testamentary expenses first. Secondly, the costs for administering the estate (including compensation for the Estate Trustee and legal fees) get paid. Other specific costs such as wages or commissions owed then can get paid.
In British Columbia, the law provides that beneficiaries cannot compel an executor to pay or give out gifts or distribute the estate to the beneficiaries before the expiry of a one-year period starting from the will-makers death.
After all the assets have been gathered, the estates creditors have been paid, and taxes have been filed, the Executor or Administrator can begin to make distributions. If there was a Will, the Executor will make the distributions according to the Will.

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After all the assets have been gathered, the estates creditors have been paid, and taxes have been filed, the Executor or Administrator can begin to make distributions. If there was a Will, the Executor will make the distributions according to the Will.
When an individual passes away, an executor, or personal representative is responsible for distributing estate assets. Distributing estate assets must be done according to the Will. If there is no Will, distributing estate assets is done according to the intestacy provisions of the Wills and Succession Act.
The residue of the Estate can include taxable income (and not necessarily comprised only of after tax amounts). Therefore the income of the estate may be paid or made payable to a residual beneficiary, and a deduction to the estate may be taken in computing the income of the estate.
The Wills Estates and Succession Act (WESA) prohibits the executor or administrator of an estate (known generally as the personal representative of an estate) from making a distribution from the estate to any beneficiaries until after 210 days have expired from the date the Grant of Probate or Administration is
Allocating Capital Gains to Distributable Net Income in Estates and Trusts. A common question that arises when preparing an estate or trust return is, can capital gains be distributed to the beneficiary? Most often, the answer is no, capital gains remain in and are taxed at the trust level.

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