Per Stirpes vs. Pro-Rata: What’s the Difference
When distributing an estate is is easy to be confused by the difference between per stirpes vs. pro-rata. The two phrases are different but interrelated.
When distributing an estate is is easy to be confused by the difference between per stirpes vs. pro-rata. The two phrases are different but interrelated.
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Distributing an estate “per stirpes” can have a significant impact on how downline generations receive their distributions. If a child dies. . .