Per Stirpes
Type of property distribution occurring when a person dies intestate. The estate id divided by the children of the deceased and by their children. For example, if a husband dies intestate, having survived his wife, and there were four children resulting from the union, one of whom predeceased his father after having two children of his own, the estate would be divided so the three surviving children would each receive 25% of the estate, while the two children of the deceased fourth child would each receive 12,5% of the estate.
Popular Real Estate Terms
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Legal dictate that must exist for property to be owned as joint tenants. ...
transfer of real property by legal means such as through inheritance. ...
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List of architectural design items needing to be corrected and resolved prior to finalizing a building design. ...
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Financial standing of a debtor as a basis to pay obligations. ...
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