Legal Question in Wills and Trusts in Illinois
what does in stripe mean?
Asked on 7/24/09, 12:47 am
1 Answer from Attorneys
Steve Raminiak
Law Offices of Steve Raminiak, P.C.
You are probably referring to "per stirpes," which is a method of distributing assets to descendants. If a person references two or more others as beneficiaries (e.g. of a Will), and one of those others dies before that person (e.g. who made the Will), then if the distribution is made "per stirpes," the descendants of the predeceased individual will share the part of the gift allocated to the predeceased individual based on their degree of kinship to that predeceased individual. This topic can be more easily explained in a phone call. Feel free to call me to discuss this further.
Answered on 8/03/09, 10:10 am