Search results
Results from the WOW.Com Content Network
Per stirpes (/ pɜːr ˈstɜːrpiːz /; "by roots" or "by stock") [1] is a legal term from Latin, used in the law of inheritance and estates. An estate of a decedent is distributed per stirpes if each branch of the family is to receive an equal share of an estate. When an heir in the first generation of a branch predeceased the decedent, the ...
New York has perhaps the most complicated law of descent of distribution. [12] [13] Maryland's intestacy laws specify not only the distribution, but also the order of the distribution among family members. [14] Florida's intestacy statute permits the heirs of a deceased spouse of the decedent to inherit, if the decedent has no other heirs.
A per quod statement is typically used to show that specific acts had consequences which form the basis for the legal action. per se: by itself Something that is, as a matter of law. per stirpes: by branch An estate of a decedent is distributed per stirpes, if each branch of the family is to receive an equal share of an estate. periculum in mora
Mortgage. A mortgage is secured by the home it purchased. When you die, your estate will be used to pay off any remaining balance if you didn’t co-sign the loan. If you leave the home to someone ...
t. e. In English law, a fee simple or fee simple absolute is an estate in land, a form of freehold ownership. A "fee" is a vested, inheritable, present possessory interest in land. A "fee simple" is real property held without limit of time (i.e., permanently) under common law, whereas the highest possible form of ownership is a "fee simple ...
For premium support please call: 800-290-4726 more ways to reach us
Per stirpes: This payout method may be useful if a named beneficiary dies before the policyholder or before the payout can be distributed. Instead of the entire life insurance payout going to the ...
Wills, trustsand estates. Heirs property, or heirs' property, refers to property that is passed between generations of family members without the involvement of local probate courts, without a will or formal estate strategy. [1] Heir property is commonly viewed as an unstable form of ownership, since co-owners often have limited rights over the ...