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Per stirpes—Latin for "by branch"—is a legal term that may be used for estate planning purposes, such as in a last will and testament. It designates who will inherit...
The meaning of PER STIRPES is in equal shares to each member of a specified class with the share of a deceased member divided proportionately among his or her beneficiaries (such as children). How to use per stirpes in a sentence.
Per stirpes is a Latin phrase that means “by roots” or “by branch.” This phrase often appears in the context of wills and retirement accounts to define how your assets should be passed down in the event a beneficiary passes away before you do.
Per stirpes is a legal term used in the law governing inheritance and estate. It is a designation that decrees how the assets of a testator (person making the will) will be distributed when a beneficiary passes away ahead of him.
Per stirpes defined and explained with examples. Per stirpes is distribution of an estate by equal shares to the deceased person's descendants.
Per Stirpes Meaning. Per stirpes is defined as a designation that dictates where and how your assets should be passed down in the event a Beneficiary passes away before you do. The easiest way to think of a per stirpes designation is this: if a Beneficiary dies before you do, their share of your estate will automatically and evenly go to their ...
Per stirpes, which is Latin for “by branch,” “by roots” or “by stalk,” is an estate planning method in a will or trust to specify that if one of your beneficiaries dies before you do, their...
Per stirpes is an asset distribution method that specifies how assets will be passed on if a beneficiary predeceases the willmaker or testator. When the per stirpes clause is included in someone's last will, it means that if a named beneficiary dies before them, their share of assets gets passed on to the next generation nearest to the decedent ...
Per stirpes is a method of distributing a deceased beneficiary's inheritance by dividing it into shares for their direct descendants (like a surviving child). In some states, the concept of per stirpes may more commonly be known as “right of representation.”
Answer: "Per stirpes" is a term used in wills to describe how property should be distributed when a beneficiary (who has children) dies before the will maker. Here's how per stirpes works. Fred leaves his house jointly to his son Alan and his daughter Julie.