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share and share alike |
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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. Example: Teal Testator wills her 2,000 shares of IBM stock "to my four nephews, Matthew, Mark, Luke and John, share and share alike." Luke dies before Testator, so the 2,000 shares will be divided among the three surviving nephews. See also: per capita How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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