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Per stirpes |
Also found in: Financial, Wikipedia | 0.06 sec. |
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[Latin, By roots or stocks; by representation.] A term used to denote a method used in dividing the estate of a person. A person who takes per stirpes, sometimes called by right of representation, does not inherit in an individual capacity but as a member of a group. In a per stirpes distribution, a group represents a deceased ancestor. The group takes the proportional share to which the deceased ancestor would have been entitled if still living. For example, a man died intestate; his wife predeceased him. He had four children, three of whom are still living at the time of his death. The deceased child had three children, all still living. These three grandchildren will share equally in one-fourth of their grandfather's estate, the share the deceased parent would have taken if still alive. The three living children will also each receive one-fourth of the estate. Per stirpes differs from per capita, in which an equal share is given to each of a number of persons who all stand in equal degree of relationship to the deceased. Cross-referencesper 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. Example: "I leave $100,000 to my daughter, Eleanor, and if she shall predecease me, to her children, per stirpes." Thus, if Eleanor dies before her parent, then the $100,000 will be divided among her children equally. A better way to make this clear is to substitute for per stirpes: "...to her children by right of representation, share and share alike," which is better drafting since it is clear to the non-lawyer. If there is no provision for distribution to children of a predeceased child, then the gift will become part of the residue (what is left after specific gifts), and then the grandchildren may not share if there are surviving children of the giver. (See: descent and distribution, will, trust) PER STIRPES. By stock; by roots.
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? References in periodicals archive |
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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. In each instance, a single trust existed for the benefit of a child, with the remainder distributable among the creator's grandchildren per stirpes. Under the will, each daughter received income for life and the remainder was distributable to her children per stirpes. |
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