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“Per stirpes” is a Latin phrase that means “by roots” or “by branch.” In the estate law context, it is a method of distributing estate
A life estate is a type of real property interest that grants someone ownership rights for their lifetime or someone else’s lifetime, and grants a
When people pass away, they often leave behind bank accounts, investments accounts, retirement accounts, real property (homes, rental properties, etc.) and other personal assets as
Typically, if you are a beneficiary of a revocable living trust or an heir of a trustor or grantor (the person that created the trust),
Once your position as a beneficiary of an irrevocable trust (after your loved one passes and their revocable trust becomes irrevocable, for example) vests, you