What does Per Stirpes mean? Read on to discover the definition & meaning of the term Per Stirpes - to help you better understand the language used in insurance policies.
Latin: "by branches." Provides for distribution of property by stipulating that in the event one beneficiary predeceases the insured, his or her heirs shall have his or her full share to distribute among themselves.
We hope the you have a better understanding of the meaning of Per Stirpes.