per capita

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Related to per capita: Per capita GDP

Per capita.

Per capita is the legal term for one of the ways that assets being transferred by your will can be distributed to the beneficiaries of your estate.

Under a per capita distribution, each person named as beneficiary receives an equal share. However, the way your will is drawn up and the laws of the state where the will is probated may produce different results if one of those beneficiaries has died.

For example, if you specify that your children inherit your estate per capita, in some states only those children who survive you would inherit. In other states your surviving children and the surviving descendants of your deceased children would receive equal shares. That could result in your estate being split among more heirs than if all your children outlive you.

per capita

Per head; per person. The term is most often encountered in estate planning, where assets may be left to heirs, per capita. In a per capita distribution, a predeceased heir's portion is shared equally among other heirs at the same level.

Example:  Beth leaves $900,000 to her heirs, per capita. She has three children, but two of them die before her. Each child would have received $300,000 if alive. Because the gift was per capita, the money is divided among only the children who survived Beth. In the following diagram, one child will receive the entire $900,000. The grandchildren—children of the predeceased children—receive nothing. Contrast with per stirpes, in which the share belonging to predeceased heirs would go to their own heirs. Using per stirpes distribution in the example, Jill takes only $300,000, Jack's children share $300,000, and Julie's children share

References in periodicals archive ?
Egypt came in 109th globally, with per capita estimated at $ 6,650 a year, Jordan ranked 114th at $6,200 a year and Morocco ranked 119th globally at approximately $5,500 a year.
It is possible to break down the per capita income increase into three contributors: the ratio of the working age population to the total population; the employment ratio (employment by working-age population); and labor productivity, defined as GDP per employed individual.
Interestingly, the UAE is on a par with India for per capita consumption, which is one of the highest producers and consumers of rice in the world.
During this period, GDP per capita in sub-Saharan Africa fell from $660 to $577 dollars (in constant terms).
In the 1970s, Ohio enjoyed per capita income levels near national averages but it has fallen behind since then.
Because earnings accounts for such a large share of personal income, the convergence of per capita income in 1950-79 and the absence of convergence since 1979 are largely attributable to per capita earnings.
The average income per capita was calculated as 1,421.
Today 32 percent of Puerto Rico is forested, and the island's per capita GDP is $16,800 per year.
Expenditures were $241 per capita at the Los Angeles Police Department and $327 at the Sheriff's Department in 1990-2000.
In addition, there has been a dramatic drop in poverty levels in China where the GDP per capita increased by five times since 1981 and the number of the extremely poor fell from 64 per cent to 17 per cent.
IN 1988, the gap in per capita personal income (as a percent of the U.
Although the city's residential per capita income is 72% of the state average, the metropolitan area's per capita income is 10% above the national average.