What does equally per stirpes mean?
by branch
Per stirpes is a legal term that describes how your assets are divided and distributed. In Latin, per stirpes simply means “by branch.” If you choose to distribute assets to your children first, but then to their children should they pass away before you do, you have in essence set up your Will or Trust per stirpes.
What does in equal shares per stirpes mean?
Per stirpes (/pɜːr ˈstɜːrpiːz/; “by roots” or “by stock”) 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.
What does per stirpes by right of representation mean?
Definition: Right of Representation. “Right of representation” (also called “per stirpes”) is a designation applied to a gift in a will to the descendants of a particular person which provides a clear rule for how the gift should be divided among those descendants.
Should I choose per stirpes or per capita?
A trick to help you remember the difference between per stirpes vs per capita is to remember their Latin origins. Per stirpes is Latin for “by branch,” while per capita means “by the heads.” The word branch could remind you that the inheritance goes down the beneficiary’s branch of the family tree.
What is the alternative to per stirpes?
What is per stirpes? This Latin legal term means that, if your primary beneficiary dies before you die, their next of kin inherits your money. The alternative is known as per capita. By choosing per capita, you are ensuring your money goes to your primary beneficiaries only.
What does this mean to my descendants who survive me per stirpes?
“To my descendants who survive me, per stirpes.” This option enables you to have your assets distributed equally among your lineal descendants who are blood relatives or legally adopted. If your deceased child has no children, his or her portion of assets will be divided equally among your other surviving children.
What is the difference between per stirpes and right of representation?
Per stirpes is sometimes called “by right of representation” because the descendants of a deceased heir will inherit that heir’s share.
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