Per stirpes is a legal stipulation that, should a beneficiary predecease the testator, the beneficiary's share of the inheritance will go to their heirs.

Per Stirpes Examples. Here is a sample scenario to illustrate the application of per stirpes in a will. George, the testator, has three children: Grace Anne, Gabrielle, and Genesis.

Per stirpes is one of these ways, and for many people it is the preferred way to set up asset transfer upon death. Let's look at what per stirpes means, an example, ...

Continue reading → The post Per Stirpes Defined appeared first on SmartAsset Blog. Like many aspects of personal finance, estate planning can be daunting.

Think of per stirpes distribution as a way to cover all aspects of your family situation so that you do not have to alter your estate planning documents each time a new grandchild is born or an ...

Per Stirpes, Explained. If you’ve never heard the term per stirpes before, it’s a Latin phrase that translates to “by branch” or “by class.” When this term is applied to estate ...

Per stirpes distribution follows a generational approach. If a named beneficiary precedes you in death, then the benefits would pass on to the deceased beneficiaries' children in equal parts.

In 1978, New Jersey partially shifted away from a per stirpes approach to the distribution of intestate estates. With the changes to Title 3B effective Feb. 27, 2005, the system of per stirpes ...