1 / 9

p er stirpes

p er stirpes. d emystifying some legal latin. per stirpes. historical meanings. Per stirpes (pronounced stir-peas) describes the way that branches of a family will inherit an estate . There are three versions of per stirpes , strict (English), modern, and per capita and each generation.

major
Download Presentation

p er stirpes

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. per stirpes demystifying some legal latin

  2. per stirpes historical meanings

  3. Per stirpes (pronounced stir-peas) describes the way that branches of a family will inherit an estate. • There are three versions of per stirpes, strict (English), modern, and per capita and each generation. per stirpes

  4. The strict (English version) of per stirpes. This system treats each line of descendents equally. Property is divided equally at the first generation. If one member of the first generation is deceased, his children take his share by representation. per stirpes

  5. strict per stirpes

  6. Oklahoma uses modern per stirpes. • Modern per stirpes works as strict per stirpes in the event that all or some of the first generation are living. In the event that all of the first generation are deceased, however, modern per stirpes allows all members of the first generation with living members to take equally. modern per stirpes

  7. modern per stirpes

  8. Per capita at each generation makes the first distribution of assets at the first level where one or more descendents are alive. Shares of deceased members of that generation are pooled and dropped to the next generation and distributed equally. Per capita at each generation

  9. Per capita at each generation

More Related