Per capita is a Latin phrase that translates to “by head.” This equalizes the shares per designated class.
In this method of distribution, each child receives a share, and the remaining shares are divided equally among the surviving descendants of the deceased child(ren), within each generation.
Using the previous example, Child 2 would receive a one third share of the estate, then the remaining third share of Child 1 and Child 3, or two thirds of the total estate, would be divided equally between the grandchildren, giving each grandchild an equal 2/15 share of the estate.
Discuss how the different distribution methods can affect distribution of your estate with your estate planning attorney.
Learn more about simple per capita estate planning distributions here.
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