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Aug 15, 2024 · Two common methods used to distribute assets in estate planning are per stirpes and per capita, which can be particularly perplexing. To clarify these terms, we outline what they mean, how and when they are used, and their pros and cons.
5 days ago · Per stirpes and per capita are legal terms utilized in estate planning to outline the approach of asset distribution. Per stirpes caters to descendants of an heir, while per capita favors equally distributed shares amongst surviving heirs.
Aug 13, 2024 · 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 ...
Aug 27, 2024 · Per stirpes and per capita are two different ways of distributing assets in a will. Per capita evenly divides an estate among the surviving beneficiaries, while per stirpes allows assets to pass to the next generation if a beneficiary has already passed.
Aug 16, 2024 · Learn the meaning of Per Stirpes, a vital estate planning term, and understand how it impacts your inheritance distribution and ensure your assets are passed down as intended.
- Matthew Frankel, CFP
Aug 26, 2024 · Per stirpes distribution simplifies estate planning for large families and reduces potential conflicts among heirs. It offers flexibility in estate distribution and automatically adjusts to changes in the family structure.
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What does per stirpes mean?
Aug 24, 2024 · § 1-2.14 Per stirpes A per stirpes disposition or distribution of property is made to persons who take as issue of a deceased ancestor in the following manner: The property so passing is divided into as many equal shares as there are (i) surviving issue in the generation nearest to the deceased ancestor which contains one or more surviving ...