Per Stirpes
It is a latin word meaning" by roots" or "by right of representation". If mentioned, it indicates representing somone who is not present or cannot be present.
per stirpes
(purr stir-peas) adj. Latin for "by roots," by representation. The term is commonly used in wills and trusts to describe the distribution when a beneficiary dies before the person whose estate is being divided.
PER STIRPES. By stock; by roots.
2. When, for example, a man dies intestate, leaving children and grandchildren, whose parents are deceased, the estate is to be divided not per capita, that is, ...
A "per stirpes distribution of my estate in equal shares to my children Bob and Sue" means that if Bob dies before me, his children can share what would of been his share had he of survived me.
Per stirpes: (Latin: by stocks) Inheriting per stirpes means the division of a deceased's estate among his descendants, with the children of a deceased son or daughter dividing their parent's share equally among themselves.
There has been some difference of opinion as to whether if all the children have predeceased their parent but have left issue, such grandchildren take as between themselves per stirpes as, representatives of their parent or per capita as next of kin.
Per Stirpes This term is most commonly used in wills and trusts to identify how property should be distributed among children and their lineal descendants.
take, but also the proportions and manner in which the property is to be divided; the will being silent upon the subject, if the next of kin of the person described be not related to him in equal degree, those most remote can only claim per stirpes ...
Right of representation: Per stirpes. The method of determining how a gift will be distributed, especially if a beneficiary is dead, namely, in equal shares to the deceased beneficiary's surviving children, ...
Definition - adj
: of or relating to per stirpes distribution
Pronunciation'stir-p&-t&l, 'st&r-
Pronunciation Key ...
Stirpes
Latin: the offspring of a person; his or her descendants. For example, inheriting per stirpes means having a right to a deceased's estate because you are a descendant of the deceased. A common phrase in wills.
Omnibus Budget Reconciliation Act of 1987: Implications for Estate Planning (insurance term)
Deceased
Per Stirpes (finance term)
Inheritance Tax
Executor (in banking)
Income in Respect of a Decedent (IRD) (business term) ...
For example, inheriting per stirpes means having a right to a deceased's estate because you happen to be a descendant of the deceased.
 See also: Stirpes, Will, Law, Property, Right
  
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