In the kingdom of Einsteinia, a landlord died of a conspicuous disease leaving behind a property of 1000 gold coins. He was survived by 6 sons. In the kingdom, there was a rule that after the death of the elderly, the money is distributed to the descendents by the following rule.
The eldest of the siblings proposes a plan to distribute the coins among them. All of them vote in favor of or against the plan. If the proposer gets more than 50% support (including his vote) his plan gets accepted and the coins are distributed according to the plan. Otherwise, he does not get any coin. The voting process is then followed with the remaining five and the next eldest one proposes a plan and so on. If the process continues till the youngest sibling is left, he would walk away with all the coins.
The siblings are not expected to collude and have some different plan as there is a danger that if discovered they might be debarred from claiming a stake in the property and might face some stringent punishment.
Whose plan would get approved and what would be the distribution of coins. Provide a detailed explanation for the answer.