Designation meaning

Marguerita is a Certified Financial Planner (CFP®), Chartered Retirement Planning Counselor (CRPC®), Retirement Income Certified Professional (RICP®), and a Chartered Socially Responsible Investing Counselor (CSRIC). She has been working in the financial planning industry for over 20 years and spends her days helping her clients gain clarity, confidence, and control over their financial lives. What Is Per Stirpes? Per stirpes is a legal term that may be included in a last will and testament to explain who will inherit assets if a beneficiary passes away before the testator, the person who has created the will. With a per stirpes distribution, the beneficiary's share of the estate will pass to the beneficiary's descendants or heirs. • Per stirpes stipulates that a beneficiary's heirs receive the inheritance should the beneficiary die before the testator. • The term refers to every person down a branch of a family tree. • Children may represent their parents if a parent passes before the decedent. How Per Stirpes Works Per stirpes, Latin for “by branch,” refers to every person down a family tree beginning from another person. For example, everyone below a parent, such as their children and their great-grandchildren, is included in a branch. Per Stirpes vs. Per Capita Per capita means “by the heads.” Also called “share and share alike,” property is divided equally among surviving descendants in the same generation nearest the testator. The estate holder names each recipient i...

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DESIGNATION, wills. The expression used by a testator, instead of the name of the person or the thing he is desirous to name; for example, a legacy to. the eldest son of such a person, would be a designation of the legatee. Vide 1 Rop. Leg. ch. 2. 2. A bequest of the farm which the testator bought of such a person; or of the picture he owns, painted by such an artist, would be a designation of the thing devised or bequeathed.

/dɛzɪgˈneɪʃən/ Other forms: designations When something has a designation, it has a title or a description that helps you identify it. The “organic” designation on the vegetables you buy lets you know that no pesticides were used in growing the plants. Designation can refer to a title, official or otherwise. You may earn the designation “class clown” for your goofiness, or ask your friends to refer to you by the designation, "Madame Super Brain." Designation is also the act of assigning such a title or position, like the designation of your daughter as heir to your estate. Often, designation refers to giving a formal position. The district board may be responsible for the designation of the next principal at your school.

DESIGNATION Pronunciation (US): (GB): IPA (US): Dictionary entry overview: What does designation mean? • DESIGNATION (noun) The noun DESIGNATION has 3 senses: 1. identifying word or words by which someone or something is called and classified or distinguished from others 2. the act of putting a person into a non-elective position 3. the act of designating or identifying something Familiarity information: DESIGNATION used as a noun is uncommon. Classified under: Nouns denoting communicative processes and contents Synonyms: Hypernyms ("designation" is a kind of...): Hyponyms (each of the following is a kind of "designation"): Derivation: Sense2 Meaning: The act of putting a person into a non-elective position Classified under: Nouns denoting acts or actions Synonyms: Context example: the appointment had to be approved by the whole committee Hypernyms ("designation" is a kind of...): Hyponyms (each of the following is a kind of "designation"): Derivation: Sense3 Meaning: The act of designating or identifying something Classified under: Nouns denoting acts or actions Synonyms: designation; Hypernyms ("designation" is a kind of...): Hyponyms (each of the following is a kind of "designation"): Derivation: Context examples The designation for each member of the third smallest human autosomal chromosome pair. (Chromosome 20, NCI Thesaurus) The designation for each member of the second smallest human autosomal chromosome pair. (Chromosome 21, NCI Thesaurus) The designation for each...