I've been researching Per Capita / Per Stirpes and their variants. Per Capita at Each Generation seems like the one I want, but I have a question about how it is divided in this example, which I have been unable to find answers to online.
Given an estate of $360,000, how would it be divided in this scenario:
- Child A, living, has two living children A1 and A2.
- Child B, deceased, has two living children B1 and B2.
- Child C, deceased, has one living child C1.
The first generation (A and B) is straightforward: $120,000 goes to A, and $240,000 is pooled and goes to the next generation.
The second generation (A1, A2, B1, B2, C1) is where my question comes in. Since A was living, are A1 and A2 considered part of the pool for that generation or not? In other words, is the $240,000 at this generation split between B1, B2, and C1; or is it split between A1, A2, B1, B2, and C1?
The key here is the A branch, where A also has living children. I have been unable to find an example online that covers this scenario.