Which term describes a per capita distribution, where shares are divided equally among beneficiaries at the same generation?

Which term describes a per capita distribution, where shares are divided equally among beneficiaries at the same generation?

• A. Per stirpes
• B. Executor
• C. Fiduciary
• D. Per capita

Answer: (D)

Per capita means equal shares among beneficiaries who are alive in the same generation at the time of distribution. The key idea is that the division stops with the living members in that generation, and a member who has predeceased does not automatically pass their portion to their descendants unless the document specifies otherwise (for example, “per capita with representation”). This is different from the other method, per stirpes, which allocates a deceased member’s share to their descendants by representation. The other terms describe roles rather than distribution rules: an executor handles administering the estate, and a fiduciary is someone who holds or manages assets for others. So, the term that describes a distribution where shares are divided equally among beneficiaries at the same generation is per capita.

Per capita means equal shares among beneficiaries who are alive in the same generation at the time of distribution. The key idea is that the division stops with the living members in that generation, and a member who has predeceased does not automatically pass their portion to their descendants unless the document specifies otherwise (for example, “per capita with representation”). This is different from the other method, per stirpes, which allocates a deceased member’s share to their descendants by representation. The other terms describe roles rather than distribution rules: an executor handles administering the estate, and a fiduciary is someone who holds or manages assets for others. So, the term that describes a distribution where shares are divided equally among beneficiaries at the same generation is per capita.