cover of episode Per Stirpes: How This Funny Word Can Save You From Sending Thousands (or Millions) of Retirement Dollars to the Wrong Beneficiary

Per Stirpes: How This Funny Word Can Save You From Sending Thousands (or Millions) of Retirement Dollars to the Wrong Beneficiary

2020/1/21
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Stay Wealthy Retirement Podcast

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This chapter explains the concept of Per Stirpes, a Latin legal term that ensures money is inherited by the right people. It discusses the importance of beneficiary designations, the difference between Per Stirpes and Per Capita, and how to make sure your retirement accounts are set up correctly.

Shownotes Transcript

Today I'm going to explain exactly what Per Stirpes is. 

Per-what?!

Yes, it's a funny Latin legal term but it recently saved my client from sending a healthy six-figure sum to the wrong beneficiary.

And she didn't even need to hire an attorney to fix it!

If you want to make sure your money is inherited by the right people when you are gone, you’ll enjoy today’s episode.

For all the links and resources mentioned in today's episode, visit www.youstaywealthy.com/61) 

*DISCLAIMER: This podcast is for informational and entertainment purposes only and should not be relied upon as a basis for investment decisions. This podcast is not engaged in rendering legal, financial, or other professional services. *