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Apportionment refers to the division of income, costs, or other values fairly between beneficiaries or across time periods. It ensures that those entitled to an estate receive a proportional share, even if income or expenses occur after death.
Legal Reference:
- Applies under Administration of Estates Act 1925, especially where assets generate income (e.g., rental property or investments).
- Executors must keep fair and transparent records of all income and expense apportionments.
Sources:
- Wikipedia – https://en.wikipedia.org/wiki/Apportionment
- Wikidata – https://www.wikidata.org/wiki/Q3173700
- Knowledge Graph – https://www.google.com/search?kgmid=/m/02p1sw
- DBpedia – http://dbpedia.org/resource/Apportionment
- Product Ontology – http://www.productontology.org/id/Apportionment
