This is called a per stirpes distribution. That means that each branch of the family will receive an equal share. If that’s what you want to do, you must request per stripes, because equal ...
One little-known election on your retirement accounts, the choice of per stirpes vs. per capita, could even send your retirement money to the wrong beneficiary or cut someone you love out of ...
Jessica’s family would not receive any portion of the death benefit. Under the per stirpes method, if the beneficiary predeceases the insured person, the lineal descendants of the beneficiary ...
Per stirpes is a Latin term meaning “by branch.” In the context of wills, it is a legal term stipulating that should a beneficiary predecease a testator—the person who has made the will ...
This can be broken down further: Per stirpes allows assets to be passed down to a beneficiary's heirs if the beneficiary ...
Q: For my financial assets, I have the beneficiaries listed as my spouse, and then my "children per stirpes." If my spouse ...
In this case, if there’s more than one beneficiary, the payout will be distributed on a per capita or per stirpes basis, depending on the policy and state laws. Under a per capita distribution ...
Intestate succession laws: The laws of intestate succession can be broadly summarised as follows: It is important to remember that the principle of per stirpes applies in the case of intestate ...
Beneficiary designation forms may contain legal terms like "per capita" and "per stirpes" which can easily confuse the person completing the form. It is difficult to successfully challenge ...
After 86 years on earth, I’m entitled to worry, but what does worrying accomplish? My climate worry stems from the possibility that my children, grandchildren, per stirpes, would not be ...