The new system is known both as "representation," and "per capita at each generation," and is taken from the Uniform Probate Code. It has two basic principles, which are illustrated by the examples ...

Per stirpes ensures descendants inherit an equal share of an estate, even if an heir predeceases. Per capita divides estate equally only among living heirs, excluding descendants of deceased heirs.

When it comes to your estate plan, there are a lot of decisions you’ll have to make. Arguably, one of the most important decisions involves identifying to whom, and how, you want assets to pass when ...