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Per Stirpes

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Dictionary Says

Definition of 'Per Stirpes'

A stipulation that, should a beneficiary predecease the testator, the beneficiary's share of the inheritance will go to his or her heirs.
Investopedia Says

Investopedia explains 'Per Stirpes'

While the term per stirpes is commonly used in reference to assets under a will, it is sometimes used in beneficiary designations for retirement accounts.

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