Does Per Stirpes Pertain To Life Insurance
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Have you ever heard of the term “per stirpes?” 🤔 It means “by branch” in Latin. And it’s a term used in the law of inheritance and estates. So what is it and why is it important? Essentially, per stirpes is the option to allow the inheritance intended for your beneficiaries, in this case your next of kin, to go to their next of kin in the event that they predecease you. In other words, your child’s inheritance would go to their children. By understanding this term, you can ensure your estate go
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