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Jun 6, 2024 · 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 assets if a beneficiary...
- Maya Dollarhide
Apr 23, 2020 · The biota of European steppe outposts were long-term isolated from the Asian steppes, and European steppes emerged as disproportionally conservation relevant, harbouring regionally...
- Philipp Kirschner, Eliška Záveská, Alexander Gamisch, Alexander Gamisch, Andreas Hilpold, Emiliano T...
- 2020
Aug 13, 2024 · In estate planning, per stirpes is a distribution provision for assets. This Latin phrase, which literally translates into “by branch” or “by root,” serves an important purpose and comes into play when a listed beneficiary dies before you do. Per stirpes designation dictates who will get the deceased beneficiary’s asset share.
Per stirpes means that the beneficiary’s inheritance will be passed on to their next-in-line heir, or heirs. Per capita means that the beneficiary’s inheritance would be divided evenly amongst any surviving beneficiaries.
Jun 17, 2024 · Per stirpes in a will or trust means that if one of your beneficiaries dies before you do, their share of your estate automatically goes to their descendants.
With a per stirpes designation, if a beneficiary predeceases you, and you do not update your beneficiary designations, or a beneficiary disclaims their portion, their share would go to their lineal descendants; usually their children.
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In inheritance law, 'stirpes' refers to the division of an estate among beneficiaries based on their relationship to the deceased, with each branch of the family tree receiving an equal share, ensuring fair distribution across different bloodlines.
