Per stirpes

Method for distributing the estate of an individual who dies Intestate, in which the greatest benefits are given to those closest in relation to the deceased.

Related Terms: 7 Benefit, CLO, Close, Intestate, ITS, Testate, Test

Other Related Pages: Category: Law_and_Estate_Planning Starting With: P

Additional Related Terms: Adjusted balance method, Allowance for depreciation, Average daily balance method, Accrual of discount, Amortization of premium, At par, All or any part, At best, At call, Accelerated benefits