What does per capita mean in terms of beneficiary distribution?

The term "per capita" refers to a method of distributing assets among beneficiaries where each individual in the class of beneficiaries receives an equal share of the total assets. This approach ensures that all beneficiaries of the same class, such as children or siblings, are treated equally, regardless of any other factors, such as their age or relationship to the decedent.

For instance, if a decedent has three children and their estate is worth $300,000, under a per capita distribution, each child would receive $100,000. This method contrasts with other forms of distribution that may consider relationships or designate specific beneficiaries for varying amounts. Understanding per capita distribution is crucial for clarity in estate planning and ensuring that the decedent's wishes are fulfilled fairly among all beneficiaries.