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distributee |
Also found in: Legal | 0.02 sec. |
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distributee [dɪˌstrɪbjʊˈtiː] n (Law) Law chiefly US a person entitled to share in the estate of an intestate How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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However, the basis of a share of stock to the plan for purposes of determining NUA does not control its basis in the hands of the distributee. Therefore, VEBA termination can be made prior to age 59-1/2 without subjecting the distributee to the 10 percent early distribution penalty. The employee-participant will remain the taxable distributee on amounts paid to others such as children. |
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