CS 635 Estate Planning Module 2, Per Stirpes, Per Capita and Per Capita at Each Generation Activity Example: Complete the chart assuming that Eric and Sara predecease Jack: Jack Dies, Leaving a $1,000,000 Life Insurance Policy to his heirs… Eric Sara Linda Jamie A B C D E F G H I Per Stirpes Eric’s kids will each get $83,333 Sara’s kids will each get $125,000 Linda will get $250,000 Jamie will get $250,000 Per Capita Eric’s kids will each get $142,857 Sara’s kids will each get $142,857 Linda will get $142,857 Jamie will get $142,857 Per Capita at Each Generation Eric’s kids will each get $100,000 Sara’s kids will each get $100,000 Linda will get $250,000 Jamie will get $250,000 1. Complete the chart assuming that Eric predeceases Jack and all three of his other children survive: Jack Dies, Leaving a $1,000,000 Life Insurance Policy to his heirs… Eric Sara Linda Jamie A B C D E F G H I Per Stirpes Eric’s kids will each get $83,333 Sara will get $250,000 Linda will get $250,000 Jamie will get $250,000 Per Capita Eric’s kids will each get $166,666 Sara will get $166,666 Linda will get $166,666 Jamie will get $166,666 Per Capita at Each Generation Eric’s kids will each get $83,333 Sara will get $250,000 Linda will get $250,000 Jamie will get $250,000 2. Complete the chart assuming that Linda and Jamie predecease Jack, and Eric and Sara survive Jack Jack Dies, Leaving a $1,000,000 Life Insurance Policy to his heirs… Eric Sara Linda Jamie A B C D E F G H I Per Stirpes Eric will get $333,333 Sara will get $333,333 Linda’s kids will each get $83,333 N/A Per Capita Eric will get $166,666 Sara will get $166,666 Linda’s kids will each get $166,666 N/A Per Capita at Each Generation Eric will get $333,333 Sara will get $333,333 Linda’s kids will each get $83,333 N/A 3. Complete the chart assuming that Eric, Sara and Linda predecease Jack, and Jamie survives Jack Jack Dies, Leaving a $1,000,000 Life Insurance Policy to his heirs… Eric Sara Linda Jamie A B C D E F G H I Per Stirpes Eric’s kids will each get $83,333 Sara’s kids will each get $125,000 Linda’s kids will each get $62,500 Jamie will get $250,000 Per Capita Eric’s kids will each Sara’s kids will each Linda’s kids will Jamie will get