With a per stirpes designation, if one of the beneficiaries predeceases the TSP participant, his or her share will go proportionately to his/her descendants (think kids to grandkids).

Per Stirpes Method. Under the per stirpes method, if the beneficiary predeceases the insured person, the lineal descendants of the beneficiary receive the benefit in the beneficiary’s stead.

Per stirpes (by “branches”): This means that if a child predeceases the policyholder, his or her children—the branches—receive what would otherwise be shared among the living children.

If, however, “per stirpes” was checked next to Sebastian’s name on the beneficiary form, his share would actually go to his children and not his siblings. Rick’s Tip: ...

Example of per stirpes: Let’s say you have three beneficiaries (A, B and C), and each is set to receive an equal portion of a $300,000 death benefit.

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, ...

My father died in 2018 and everything passed to my mother per their wills that were made in 2015. My sister, brother and I were next to inherit what's left, equally. No one's spouse was mentioned ...

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 set up your will or ...

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 Distribution: In a per stirpes distribution, the estate is divided according to branches or lines of descent. The share of a deceased member of the family goes to his or her legal heirs, ...