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Per stirpes (/ p ɜːr ˈ s t ɜːr p iː z /; "by roots" or "by stock") [1] [a] 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 in accordance with their deceased ancestor's share. [ 3 ]
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Per capita is a Latin phrase literally meaning "by heads" or "for each head", and idiomatically used to mean "per person". The term is used in a wide variety of social sciences and statistical research contexts, including government statistics, economic indicators , and built environment studies.
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
Per capita: With per capita, each person who is eligible to receive your death benefits is given a percentage equal to everyone else’s. For example, if you have three grown children, and one of ...
Where the surviving spouse does not stand to inherit, and unless the will indicates otherwise, the renounced benefit must devolve on the descendants of that descendant per stirpes. The effect of adiation is that the heir or legatee acquires a vested personal right against the executor for delivery of the asset once the estate has been liquidated.
Continue reading ->The post Per Stirpes vs. Per Capita in Estate Planning appeared first on SmartAsset Blog. When creating an estate plan, one of the most basic documents you may wish to include ...
Defined benefit plans can take several forms, such as: Pension plan: The most common type of defined benefit plan is a pension. It provides guaranteed income based on years of service and final ...