Per stirpes

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Per stirpes

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

Per Stirpes

In wills and some retirement accounts, a provision stating that, should a beneficiary die before the testator or account holder, the assets designated for that beneficiary shall pass to his/her heirs. Most often, this provision is not used for a single asset, but rather as a means of dividing a whole estate. For example, if a testator dies leaving an estate to children Frank, Bob, and Joan, and Joan is already dead, an estate per stirpes would divide evenly among Frank and Bob, who each receive one-third, and any of Joan's living children, who collectively receive one-third.

Per stirpes.

Per stirpes is the legal term for transferring the assets of your estate to your children and their descendants.

With a per stirpes distribution, each of your children who is named as a beneficiary is entitled to an equal share. If one of your children is no longer alive, that person's children or children's children divide his or her share.

For example, if you had two children each of whom had two children and one of your children died before you did, under a per stirpes bequest, your surviving child would receive 50% of your estate and the children of your deceased child would each receive 25%.

per stirpes

A method of distributing an estate when one of the beneficiaries dies before the testator.The predeceased beneficiary's share is divided equally among that person's own heirs.

Example: Beth leaves $900,000 to her heirs, per stirpes. She has three children, but two of them die before her. Each child would have received $300,000 if alive. For the children who died first, each one's $300,000 share will be split equally among their own children. Grandchild John receives nothing, because his mother was still alive to receive her gift. Contrast with per capita, in which all members of a generational class take equal shares.
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The Primary Beneficiary of the policy shall be as follows: The proceeds subject to this designation shall be divided into shares, per stirpes, for such of my descendants as survive me, and each share shall be disposed of as provided in Article 4 of my [name of trust], to be added to and disposed of as a part thereof.
The balance of the Aggregate Principal shall be divided into shares, per stirpes, for such of the Settlor's children as survive the Settlor and for the descendants who survive the Settlor of such of them as predecease the Settlor, and each share shall be disposed of as provided in Article 4 of this Declaration.
82) If the decedent leaves a surviving spouse and more than one child or descendants through more than one child, then one-third of the separate property passes to the spouse and two-thirds pass to the children or to the descendants--equally if in the same degree of kindred, but per stirpes if otherwise.
The principal would be distributable per stirpes among her issue 21 years after the death of the last of the six of her seven children living at the time of the donor's death.
If there is no surviving spouse or descendant, the intestate estate descends to the intestate's parents, in equal shares, or to the survivor, if only one survives; but if none, then to the intestate's brothers and sisters, with the share of a deceased sibling passing to his or her descendants, per stirpes.
In each instance, a single trust existed for the benefit of a child, with the remainder distributable among the creator's grandchildren per stirpes.
Unfortunately it also changes per stirpes to per stupid if you fail to watch it closely.
Under the will, each daughter received income for life and the remainder was distributable to her children per stirpes.
The typical QTIP trust is drafted to provide all income to the surviving spouse and remainder to the decedent spouse's descendants (usually on a per stirpes basis).
For example, it is not uncommon for such a trust to include a provision which distributes the balance of the assets to the grantor's descendants, per stirpes, upon the expiration of the term of the trust.
624 was enacted in 1993, the probate code already provided for per stirpes allocation in the event of intestacy, [sections] 732.
The homestead passes to the surviving spouse, estranged or not, for life with a vested remainder in the lineal descendants of the homeowner living at his or her death, per stirpes.