What does the term 'per capita' mean in the context of inheritance?

In the context of inheritance, 'per capita' refers to a distribution method whereby all beneficiaries inherit equally. This means that when an estate is divided using a per capita approach, each beneficiary receives an equal share regardless of any familial relationships beyond the immediate level.

For example, if a decedent has three children and one of those children predeceases the decedent, all living children would still inherit equally, each receiving one-third of the estate. This contrasts with methods like ‘per stirpes’, where the share of a predeceased individual would pass to their children.

Understanding this term is crucial in estate planning and inheritance law, as the chosen method of distribution can significantly impact the amount and equity of what each beneficiary receives in relation to the overall estate.