0
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 else can I help you with?
How do you get stirpes inheritance?
In a stirpes inheritance, the share that a deceased beneficiary would have received is passed on to their descendants. This means that if a beneficiary dies before the inheritance is distributed, their share goes to their children or next of kin, following the principle of representation. It is important to clearly outline this provision in a will or trust document to ensure that distribution is in accordance with the testator's wishes.
How does FDIC insurance work for trust accounts?
FDIC insurance for trust accounts works by providing coverage for each beneficiary named in the trust, up to the maximum limit per beneficiary. This means that each beneficiary is insured separately, potentially increasing the total coverage for the trust account.
What is the beneficiary in a trust?
the beneficiary in a trust is the person whom benefits from that which is held in trust.
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
Can there be a trustee and beneficiary to an irrevocable trust?
A trustee and a beneficiary are essential to a trust. Without a trustee and a beneficiary there is no valid trust. They should not be the same person.
Can an estate be named as a beneficiary in a will or trust?
Yes, an estate can be named as a beneficiary in a will or trust.
Is per stirpes only blood relatives?
yes
Can you name a trust as a beneficiary?
Yes, you can name a trust as a beneficiary of a financial account or insurance policy.
Can a trustee legally sue a beneficiary in a trust dispute?
Yes, a trustee can legally sue a beneficiary in a trust dispute if there is a valid reason for the lawsuit, such as breach of trust or misconduct by the beneficiary.
Can you be the sole trustee and sole beneficiary of a trust?
Yes, it is possible to be the sole trustee and sole beneficiary of a trust.
What if beneficiary listed are parents spouse and children Does per stirpes will effect on parents the deceaseds siblings will received part of the estates also by default?
Say you have a wife and three grown children. The children are Joe, Sue, and Bob. You have a per stripes provision in your will. Bob has a daughter Jane. Bob dies. When you die, because you have the per stirpes provision in your will, Jane gets Bob's share. Since it is so easy to add two words to your will, there is no reason not to add them.
Can a future beneficiary borrow against his assets in trust?
If the trust is a spendthrift trust, then no, the beneficiary probably cannot borrow against it. It is up to the lender.
