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Per Stirpes

   Also found in: Legal, Wikipedia 0.04 sec.
Per Stirpes
A stipulation that, should a beneficiary predecease the testator, the beneficiary's share of the inheritance will go to his or her heirs.

Notes:
While the term per stirpes is commonly used in reference to assets under a will, it is sometimes used in beneficiary designations for retirement accounts.

Per stirpes
A method for distributing the assets of an individual who dies without a valid will. The Latin means for each descendant.
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