Admin Table of Contents
- 1 What does share and share alike mean in a will?
- 2 Is share and share alike a legal term?
- 3 What does share and Share Alike per capita mean?
- 4 What does Creative Commons Share Alike mean?
- 5 Why would you use share alike?
- 6 What’s the difference between share and Share Alike?
- 7 What does it mean to have equal shares in an estate?
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.
Share and share alike is a legal term referring to the equal distribution of assets and other benefits from an estate. All named beneficiaries are entitled to an equal share. When preparing wills, testators can talk about the risks and benefits of various methods of distributing the estate with an attorney.
Is share and share alike the same as per Stirpes?
Per Stirpes vs. 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.
How do you split real estate inheritance?
How to Divide Inheritance Property Between Siblings
- Get the proper estate distribution documents.
- Verify your role as executor or administrator.
- Bring the will to the city or county office in charge of estate disbursements.
- Open a bank account in the name of the decedent’s estate.
- Itemize the property of the estate.
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.
The Creative Commons Attribution Share-Alike license allows re-distribution and re-use of a licensed work on the conditions that the creator is appropriately credited and that any derivative work is made available under “the same, similar or a compatible license”.
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.
What happens with per Stirpes if no descendants?
In the pure per stirpes system, the estate is divided into primary shares at the generation nearest to the decedent (the decedent’s children). Any deceased children who have no living descendants are disregarded in determining the number of primary shares.
Share and share alike is a legal term referring to the equal distribution of assets and other benefits from an estate. Share and share alike is a legal term referring to the equal distribution of assets and other benefits from an estate. All named beneficiaries are entitled to an equal share.
What does share alike mean in Creative Commons?
“Share Alike” refers to the license, not the cost. From Creative Commons’ site. The Share Alike aspect requires all derivatives of a work to be licensed under the same (or a compatible) license as the original.
What does equal division in share and Share Alike mean?
Equal division includes the right of the survivors to divide any beneficiary’s portion, when such beneficiary dies before receiving the gift. Share and share alike could also mean to engage in per capita division. Under a per capita division, division is done equally among all individuals in the same class.
If an item such as a ring or a car is left in equal shares to more than one person, it is generally sold and the proceeds are divided equally. When the person making a will wants two or more persons to have equal shares in an asset or in the entire estate, she can use the term “share and share alike.”