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Per Stirpes vs Per Capita

Per stirpes is Latin word, meaningu201d root, class or representation.<br>Class in estate planning is the class of beneficiaries. <br>It is a legal term specifying, if a beneficiary dies in between the will is made and <br>the testator deceased, under such condition the beneficiaryu2019s estate will not be <br>benefited from the will. <br>If the beneficiary dies before the testator, the benefit will be lapsed though there <br>are exceptions for these rules.<br>Per stirpes distribution follow an aeon approach.

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Per Stirpes vs Per Capita

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  1. Per Stirpes vs Per Capita

  2. Per Stirpes vs Per Capita www.rochesterlawcenter.com 248-613-0007 543 N, Main St, Ste 222 Rochester MI 48307 rochesterlawcenter.com

  3. What Is A Per Stirpes Distribution? rochesterlawcenter.com

  4. In a Per Stirpes distribution, your beneficiaries with the closest relation to you (your children for example)  get an equal share of your estate when you pass away.  • Let’s say you have 2 kids – each kid gets half of your estate. • If one of your beneficiaries dies before you, his or her descendants (your grandchildren for example) will equally share the portion of your estate that would have gone to their deceased parent.  • If that person didn’t have any descendants, their share is divided evenly among your remaining beneficiaries.  rochesterlawcenter.com

  5. What Is A Per Capita Distribution? rochesterlawcenter.com

  6. A Per Capita distribution differs from Per Stirpes. • In a Per Capita distribution, your property is divided equally among all of your surviving descendants. • You, as the estate owner, can name each beneficiary individually, or specify which group of your descendants (children, grandchildren, or both for example) will receive your assets. • It may also be difficult to specify exactly how much each person should receive since you may be unsure of how many people the estate will be split between and how much your estate will be worth. rochesterlawcenter.com

  7. Per Stirpes vs Per Capita - Which Is Better? rochesterlawcenter.com

  8. Both methods are commonly accepted ways of distributing your assets to your beneficiaries. • It’s your personal preference as to who you want to receive your assets when you die. • As a result, there is no right or wrong answer when choosing between Per Stirpes vs Per Capita. • If you’re having trouble deciding which distribution method is right for you, it’s usually best to talk with an Estate Planning Attorney. rochesterlawcenter.com

  9. Next Step… rochesterlawcenter.com

  10. SCHEDULE YOUR FREE Consultation CALL US AT 248-613-0007 TODAY! We offer Phone and Web consultations, in addition to traditional in-office consultations.  Let our staff know that you prefer to “meet” with one of our attorneys in the comfort of your own home via Phone or Web conference and we will get you scheduled based on your preference.  • Free Consultations • No Need To Travel • Do Everything Remotely • No Hidden Fees • Streamlined Processes • Fast, Easy, Stress Free rochesterlawcenter.com

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