## multiple beneficiaries in my will (math question)

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Topic Author
spartanap
Posts: 41
Joined: Sun May 25, 2014 9:16 pm

### multiple beneficiaries in my will (math question)

I have multiple beneficiaries in my will. In the event that one beneficiary dies before I do the will is set up so that their share is to be distributed proportionally to the remaining beneficiaries. I'm struggling with the math. Here's an example:

Beneficiary 1 - 5%
Beneficiary 2 - 5%
Beneficiary 3 - 5%
Beneficiary 4 - 5%
Beneficiary 5 - 10%
Beneficiary 6 - 10%
Beneficiary 7 - 10%
Beneficiary 8 - 15%
Beneficiary 9 - 15%
Beneficiary 10 - 20%

Let's say Beneficiary 5 dies before I do. How would their 10% be divided up among the remaining nine?
mcraepat9
Posts: 1619
Joined: Thu Jul 16, 2015 11:46 am

### Re: multiple beneficiaries in my will (math question)

If a beneficiary dies just take the other percentages and instead of dividing by 100 divide by 100 minus whatever that pre-deceased beneficiary had.

So if a 10% beneficiary dies before you, everyone’s number should instead be divided by 90. 5/90, 10/90 etc..

Numerator stays the same, denominator goes down.
Amateur investors are not cool-headed logicians.
Topic Author
spartanap
Posts: 41
Joined: Sun May 25, 2014 9:16 pm

### Re: multiple beneficiaries in my will (math question)

Thanks. I think I was absent from math class the day we learned that.
Spirit Rider
Posts: 13492
Joined: Fri Mar 02, 2007 2:39 pm

### Re: multiple beneficiaries in my will (math question)

The previous answer is incomplete. It depends on whether any of the beneficiary designations are "per stripes". If they are, that share goes to their heirs.
mcraepat9
Posts: 1619
Joined: Thu Jul 16, 2015 11:46 am

### Re: multiple beneficiaries in my will (math question)

Spirit Rider is correct - my response was not a legal response, just an arithmetic response that assumes your characterization of the reallocation is correct - 10 essentially unrelated beneficiaries. If your will does have per stirpes provisions, then you’d need a proper beneficiary chart (with descendants shown) to do the math.
Amateur investors are not cool-headed logicians.
Topic Author
spartanap
Posts: 41
Joined: Sun May 25, 2014 9:16 pm

### Re: multiple beneficiaries in my will (math question)

None are per stirpes.