Per Capita at Each Generation Designation

Per Capita at Each Generation Designation

by Richard C. Wilson & Family Offices Group Association Team

Family Office Definition: Per Capita at Each Generation Designation

Per Capita at Each Generation Designation definition:  When one beneficiary is deceased, their portion is transferred to their heirs, rather than redistributed to any other beneficiaries named. The difference from Per Capita is that only the amount belonging to the deceased beneficiary is passed to heirs, and the other beneficiaries retain their original planned amount (similar to Per Stirpes). In addition, this method ensures that the amount is divided equally among heirs at the same generation level.

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