Assets to be divided into as many equal shares as you have living children and deceased children with living descendants. The shares for all of your descendants will be held in trust until they reach the age of 30 years old. For a detailed explanation, click here.

Example: You have 3 children, A, B, and C. A has two children, A1 and A2. B has one child, B1. C does not have any children.

Scenario 1: At your death, A, B, and C are all still living. Distributions will be made as follows: A = 33% of your assets held in trust until age 30; B = 33% of your assets held in trust until age 30; and C = 33% of your assets held in trust until age 30.

Scenario 2: At your death, only B and C are still living. Distributions will be made as follows: B = 33% of your assets held in trust until age 30; C = 33% of your assets held in trust until age 30; and the remaining 33% will be split into two equal shares for A1 and A2 (16.5% each) and held in trust with discretionary distributions until they each reach the age of 30 years old.

Scenario 3: At your death, only A and B are still living. Distributions will be made as follows: A = 50% of your assets held in trust until age 30, and B = 50% of your assets held in trust until age 30. No assets are allocated to C, because C did not have living descendants.

Assets to be divided into as many equal shares as you have living children and deceased children with living descendants. The shares for your living children are to be distributed outright and free of trust, while the shares for the other descendants (i.e. grandchildren) will be held in trust until they reach the age of 30 years old. For a detailed explanation, click here.

Example: You have 3 children, A, B, and C. A has two children, A1 and A2. B has one child, B1. C does not have any children.

Scenario 1: At your death, A, B, and C are all still living. Distributions will be made as follows: A = 33% of your assets outright; B = 33% of your assets outright; and C = 33% of your assets outright.

Scenario 2: At your death, only B and C are still living. Distributions will be made as follows: B = 33% of your assets outright; C = 33% of your assets outright; and the remaining 33% will be split into two equal shares for A1 and A2 (16.5% each) and held in trust with discretionary distributions until they each reach the age of 30 years old.

Scenario 3: At your death, only A and B are still living. Distributions will be made as follows: A = 50% of your assets outright, and B = 50% of your assets outright. No assets are allocated to C, because C did not have living descendants.

Assets to be divided into as many equal shares as you have living children and deceased children with living descendants. The shares for all descendants are to be distributed outright (if any descendant is under the age of 18, it will be held in trust until age 18). For a detailed explanation, click here.

Example: You have 3 children, A, B, and C. A has two children, A1 and A2. B has one child, B1. C does not have any children.

Scenario 1: At your death, A, B, and C are all still living. Distributions will be made as follows: A = 33% of your assets outright; B = 33% of your assets outright; and C = 33% of your assets outright.

Scenario 2: At your death, only B and C are still living. Distributions will be made as follows: B = 33% of your assets outright; C = 33% of your assets outright; A1 = 16.5% of your assets distributed outright; and A2 = 16.5% of your assets distributed outright.

Scenario 3: At your death, only A and B are still living. Distributions will be made as follows: A = 50% of your assets outright, and B = 50% of your assets outright. No assets are allocated to C, because C did not have living descendants.

Assets to be distributed to specific individuals in specific percentages, if they are living at the time of your death. For a detailed explanation, click here.

Example: You have 4 beneficiaries, A, B, C, and D. You want A to receive 50% of your assets, B to receive 25% of your assets, C to receive 20% of your assets, and D to receive 5% of your assets.

Scenario 1: At your death, A, B, C, and D are all still living. Distributions will be made as follows: A = 50% of your assets outright; B = 25% of your assets outright; C = 20% of your assets outright; and D = 5% of your assets outright.

Scenario 2: At your death, only A, B, and D are still living. Distributions will be made as follows: A = 62.5% of your assets outright; B = 31.25% of your assets outright; and D = 6.25% of your assets outright. Note that the percentage allocated to a deceased beneficiary is re-allocated proportionally to the living beneficiaries.

If no other option fits your situation, then you can customize your beneficiary provisions by purchasing the custom estate plan upgrade. This upgrade includes a 30-minute Zoom or phone call with one of our attorneys.