Why Choose Beneficiaries Carefully Part II – Per Stirpes and Pro Rata

In a follow on post to our original Why Choose Your Bene’s Carefully post AND for our own reference – we frequently end up having to go search up this terminology just to make 100% sure we are correct when completing beneficiary information … Here are two hand crafted pictures that should get the job done when choosing Beneficiaries..

Oh… and a precursor to our in depth Newsletter Article coming soon…

Per Stirpes and Pro Rata

In a picture is worth 1000 words spirit…

Per Stirpes

Per StirpesAnd here is Pro Rata

Pro RataIt will be interesting to see just how many times we view this in the future for a refresher!

Have a Great “Correct Beneficiary” Day!

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
jkfinancialinc
street-cents

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