Per Stirpes: Meaning and Use in Estate Planning - Investopedia Per stirpes is a legal term often used in estate planning, including in wills It designates who should inherit a designated asset (or assets) if the original beneficiary dies before the testator
Per stirpes - Wikipedia Historically, per stirpes distribution occurred at the level of the generation closest to the deceased person, whether or not there were surviving heirs within that generation That could result in an uneven distribution of an inheritance
Per Stirpes Definition in Estate Planning | Trust Will Per stirpes is a way to protect your Beneficiary and his or her heirs It means you don’t have to worry about where an inheritance will go, because the per stirpes designation is clear
Per Stirpes | Definition, How It Works, Examples, Importance 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
What Does Per Stirpes Mean in Estate Planning? - LegalZoom Per stirpes is a legal term in estate planning This method is commonly used in last wills and trusts Per stirpes means a designation that dictates where and how the assets should be passed down if a beneficiary dies before the testator
PER STIRPES Definition Meaning - Merriam-Webster 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 the deceased individual's beneficiaries (such as children)
What Does Per Stirpes Mean on a Beneficiary Form? The term “per stirpes” is a Latin phrase that translates to “by branch” or “by root ” If a named beneficiary passes away before you, this designation automatically directs that beneficiary’s share of the assets to their own direct descendants
What Does Per Stirpes Mean? | Thrivent The phrase "per stirpes" comes from Latin (literally "by branch") and indicates that asset distributions should follow the "branches" of a family tree So, if a named beneficiary is deceased or cannot accept the asset, it's given to their next living descendants