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What is Per stirpes with regard to life estates?
That means a testator granted a life estate and when the life estate holder does the property is to be distributed per stirpes to the descendants of the testator.See related question for definition of per stirpes.
What does oldermar mean?
"Oldermar" does not appear to be a common word or term. It may be a misspelling or a less common term. Without further context, it is difficult to provide a specific meaning for this term.
What does genersize mean?
"Genersize" is not a recognized term. It may be a misspelling or a combination of words. Can you provide more context or clarify the term so I can give you a better answer?
What does gesculating mean?
There is no standard definition for the word "gesculating." It appears to be a misspelling or a non-standard term. Can you provide more context or clarify the term for a better explanation?
What does grumionem mean?
"Grumionem" does not appear to be a recognized Latin word. It may be a misspelling or a non-standard term.
How is per stirpes used in a will?
An estate of a decedent is distributed per stirpes if each branch of the family is to receive an equal share of an estate
How should a per stirpes clause be worded in your will?
Per Stirpes - is a legal term in Latin. An estate of a decedent is distributed per stirpes, if each branch of the family is to receive an equal share of an estate. When the heir in the first generation of a branch predeceased the decedent, the share that would have been given to the heir would be distributed among the heir's issue in equal shares. It may also be known as right of representation distribution, and differs from distribution per capita as members of the same generation may inherit different amounts.
Is per stirpes only blood relatives?
yes
What is Per stirpes with regard to life estates?
That means a testator granted a life estate and when the life estate holder does the property is to be distributed per stirpes to the descendants of the testator.See related question for definition of per stirpes.
What is per stripes?
Per stirpes (pronounced /pɝː ˈstɝːpiːz/ "by branch") is a legal term in Latin. An estate of a decedent is distributed per stirpes, if each branch of the family is to receive an equal share of an estate. When the heir in the first generation of a branch predeceased the decedent, the share that would have been given to the heir would be distributed among the heir's issues in equal shares. It may also be known as right of representation distribution, and differs from distribution per capitaas members of the same generation may inherit different amounts.
How are stepchildren calculated in a per stirpes distribution?
In a per stirpes distribution, stepchildren are typically not included unless explicitly mentioned in the will or estate plan. Per stirpes means that the estate is divided equally among branches of the family, and only biological or legally adopted children of the deceased typically inherit. If a stepchild has been legally adopted by the deceased, they would be treated as a biological child for distribution purposes. Otherwise, stepchildren do not have a claim to the estate under standard per stirpes rules.
Can a per stirpes beneficiary be a trust?
Yes, a per stirpes beneficiary can be a trust. In this context, "per stirpes" refers to a method of distributing an estate where a beneficiary's share is passed down to their descendants if they predecease the testator. If a trust is named as a beneficiary and one of its beneficiaries passes away, the trust can distribute the inherited assets according to its terms, potentially to the deceased beneficiary's descendants.
What are some per stirpes practice problems that can help me understand the concept better?
One per stirpes practice problem involves distributing an estate among grandchildren when a child predeceases the testator. Another example is determining how assets are divided among descendants when there are multiple branches of the family tree. These scenarios can help clarify how per stirpes distribution works in inheritance situations.
What is meant by per stirpes?
Per stirpes is Latin for 'by branch.' It is used in wills to indicate that testimentary gifts are to be divided by family branch, not number of individuals. It is usually done where one of the first listed beneficiaries has died and their share is to be divided between their descendants.
What if your step brother is gay and had no children He is an hier to an estate and the will says per stirpes you understand how per stirpes But can he will his portion to an outsider non family membe?
First of all, it would depend on the laws of the state. Secondly, being gay has no bearing on this situation. There was no reason to include that in the question.
What are the terms for the two ways in which the testator can distribute the estate among the lineal descendants?
The two terms are per stirpes and per capita. Per stirpes means the estate is divided among branches of the family based on equal shares per branch, while per capita means the estate is divided equally among all lineal descendants regardless of their branch in the family tree.
What does per stirpes mean?
http://en.wikipedia.org/wiki/Per_stirpes Basically, if I have two siblings, we each have two children, and I die before my parents but my siblings and my children survive them, my children would take the equal share I would have received had I survived.
