What is share and share alike mean?

What is share and share alike mean?

share and share alike. adj. referring to the equal division of a benefit from an estate, trust or gift, which includes the right of the survivors to divide the portion of any beneficiary who dies before receiving the gift.

Where does share and share alike come from?

Daniel Defoe, appears to be the first to have used the ‘share and share alike’ version. That was is Robinson Crusoe, or as he called it The life and strange adventures of Robinson Crusoe, 1719: “He declar’d he had reserv’d nothing from the Men, and went Share and Share alike with them in every Bit they eat.”

What does share and share Alike per Stirpes mean?

Share and share alike means that each person has an equal portion of the allotment. Another phrase used in wills that means the same thing is per capita. Per stirpes (pronounced /per stur pees/) is another way to designate allotment in a will, this time by a group of people.

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Does share and share alike mean joint tenancy?

share and share alike — phrasal 1. : to be held in equal shares as tenants in common rather than in joint tenancy with a per capita rather than a per stirpes distribution or ownership 2. : to be distributed in severalty in equal shares * * * share and share alike 1.… … Useful english dictionary.

What does equal shares mean in a will?

living at my death, in equal shares or to the survivor(s) Note This means that if all children are living on the date of death, they will share the benefit equally. If, however, any should die before the date of death, then the surviving children will receive the benefit in equal shares. Example.

What do shares mean in a will?

The expression share and share alike means the same thing in a will that it does on the playground: everyone who is included in the group at the time of distribution gets an equal share of the object or assets in question.

How does share alike work?

Share-alike is a copyright licensing term, originally used by the Creative Commons project, to describe works or licences that require copies or adaptations of the work to be released under the same or similar licence as the original.

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Is share and share alike the same as per capita?

Per Capita. Per capita means “by the heads.” Also called “share and share alike,” property is divided equally among surviving descendants in the same generation nearest the testator. A deceased person’s share is not set aside but is mingled with the estate and divided among the other recipients.

Which is better tenants in common or joint tenants?

It can be an advantage because it simplifies beneficial ownership. There may be lower legal fees because there is less complexity involved and fewer documents are required. There is no joint tenancy agreement. Joint tenants have a simple relationship so there is no need for a document that defines it in detail.

What’s the difference between joint tenancy and tenancy in common?

In a joint tenancy, the partners own the whole property and do not have a particular share in it, while tenants in common each have a definite share in the property.

How can I leave money to my son but not his wife?

SET UP A TRUST One of the easiest ways to shield your assets is to pass them to your child through a trust. The trust can be created today if you want to give money to your child now, or it can be created in your will and go into effect after you are gone.

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What does share a common ancestor mean?

Ancestor is “any person from whom one is descended. In law the person from whom an estate has been inherited.”. Two individuals have a genetic relationship if one is the ancestor of the other, or if they share a common ancestor.

What does share equally mean?

When shares are equal, each share or group has the same number of objects . Equal shares can be done in many ways depending upon the number of shares or portions we want to create. For example, 10 kites can be equally grouped as follows: There are 10 kites.

What is a stock or a share?

Share. You have probably heard a popular definition of what a stock is: “A stock is a share in the ownership of a company. Stock represents a claim on the company’s assets and earnings.

What is a share for share exchange?

Share exchange is a statutory form of business combination in which some or all of the shares of one corporation are exchanged for some or all of the shares of another corporation. However, neither of the corporations ceases to exist.