Contexts of Asset Distribution:

Estate Planning:

When someone passes away, their assets are distributed to their heirs according to their will or, if there is no will, according to state intestacy laws. 

Business Liquidation:

When a company ceases operations, its assets are sold, and the proceeds are distributed to creditors and shareholders according to established priorities. 

Trust Management:

Assets held in a trust are distributed to beneficiaries according to the terms of the trust document. 

Bankruptcy:

In bankruptcy, assets are distributed to creditors according to a specific order of priority established by law.