What is a “distributive share”?

A "distributive share" refers specifically to the portion of an estate that is allocated to a beneficiary according to the terms of a will or the laws of intestacy. This term encompasses the idea that when an estate is settled, various beneficiaries receive different shares based on the deceased's intentions or statutory guidelines. Understanding this concept is crucial as it signifies the individual rights of beneficiaries to receive specific assets or portions of an estate after debts and taxes have been settled.

The other options do not accurately characterize a distributive share. While the executor plays a critical role in managing an estate, the share they receive pertains to their compensation as outlined in the will or agreed upon with the estate, rather than being described as a distributive share. Legal fees and attorney compensation are separate considerations that pertain to the costs involved in administering the estate. Lastly, a legal claim against an estate is involved in the context of debts or obligations arising from obligations owed by the deceased rather than the distribution of assets to beneficiaries.