Tag: distribution of assets

Per Stirpes

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The Latin term per stirpes is commonly used in estate planning to describe how a person making a will would like his assets to be distributed. In case a family beneficiary dies before the will’s owner, a per stirpes distribution means that person’s portion of the assets go directly to that beneficiary’s heirs. There are other options if the will’s […]

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In Rem Jurisdiction

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The legal term in rem jurisdiction refers to whether or not the court has jurisdiction over the subject matter or item that is the subject of the legal action. Legal actions, such as civil lawsuits and injunctions must be heard by the court that has jurisdiction over the geographical area in which the item is located or action took place. […]

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