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Equally, Per Stirpes, or Form

Equally, Per Stirpes, or Form

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Instructions and help about texas testament form

difference between per stirpes versus pro rada welcome to barry's bites please join our host attorney and financial advisor chris berry [Music] so this is typically the two ways that we might do it in the trust i'd say ninety percent of the time we're doing it that way ten percent we're doing pro rata so the difference is for stirpies here's how it works this is like law school stuff it's one of the few things that i use in law school so per sturpees exactly how i explained it before one person passes their share goes is split evenly amongst the beneficiaries and then likewise if it goes down so if we kill off one person here then the way it ends up is 50 of the total estate here 25 percent here 25 percent here so that's per pro rada means it goes the other way these are latin terms us attorneys and advisors we like our latin terms so this is how pro rata works so this is the other way that we typically do it in terms of residual

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