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Mar 9, 2024 · Per stirpes is a Latin phrase that means "by branch." It is also a legal term that may be used for estate planning purposes, such as in a last will and testament. It designates who will inherit ...
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Nov 1, 2009 · A round-up of recent wills and trust cases. Sunday, 01 November 2009. A summary of several interesting cases covering issues such as a review of the definition of "per stirpes", foreign revenue enforcement, rescission of trust documentation, trustees' indemnity and proprietary estoppel. Doctrines old and new have been before the Courts in ...
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What is a per stirpes distribution?
In contrast to per stirpes, per capita designations focus on equal distribution among individuals rather than across generations. Let’s explore the definition and meaning of per capita, how it works, provide examples of per capita distribution scenarios, and discuss the pros and cons of using this designation. Definition and meaning of per ...
Definition of "stirpes" Distribution of property to relatives descending from a common ancestor mentioned in a will ; How to use "stirpes" in a sentence. After her death, her wealth was distributed per stirpes, equally among her descendants. The will stated that the assets were to be divided among the children and grandchildren per stirpes.
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 ...
Jul 14, 2023 · 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 ...
Keep in mind per stirpes generally follows the blood line so a spouse is not an heir under a per stirpes designation. Hypothetical per stirpes example: You have designated that your two children, Maya and Jace, are to equally inherit your IRA assets — 50% to Maya and 50% to Jace. With a standard designation, if Maya has predeceased you, her ...
