A per stripe is an arrangement under which a decedent’s estate is distributed among beneficiaries in accordance with the terms of the will or trust. Under this arrangement, each beneficiary receives an equal share of the estate. For example, if there are three beneficiaries, each would receive one-third of the estate. This type of distribution is often used when the beneficiaries are family members or close friends. It can also be used when the beneficiaries are unrelated individuals, such as charity organizations.<\/p>\n
Estate planning is the process of determining how your property will be distributed after your death. An important part of estate planning is creating a last will and testament. A will is a legal document that specifies how you want your property to be distributed after your death. You can use a will to designate a specific person or organization to receive your property.<\/p>\n
You can also use a will to appoint someone to manage your property after your death. If you die without a will, your property will be distributed according to state law. Estate planning can help you ensure that your property is distributed according to your wishes. It can also help you avoid probate, which is a court-supervised process for distributing property that can be costly and time-consuming.<\/p>\n","protected":false},"excerpt":{"rendered":"
A per stripe is an arrangement under which a decedent’s estate is distributed among beneficiaries in accordance with the terms of the will or trust. Under this arrangement, each beneficiary receives an equal share of the estate. For example, if there are three beneficiaries, each would receive one-third of the estate. This type of distribution […]<\/p>\n","protected":false},"author":3,"featured_media":631,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[20],"tags":[],"yoast_head":"\n