Per Stirpes

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A method of distributing estate assets so that each branch of the family receives the same proportion of the total assets. For example, say a decedent’s assets begin equally divided amongst his or her children. If a child of the decedent passes away prematurely, the assets allocated to that child stays in his or her “branch” of the family and gets equally allocated amongst the children of that particular child. In Latin, this roughly translates to “by branch.”

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