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ABSA Investment Report Feb 2006

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From The Glossary »

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Issue By Representation Per Stirpes:

'By representation per stirpes' means that where a beneficiary predeceases the testator, his portion will devolve upon his children (the children of the beneficiary). In other words, if some of the children have already died, the predeceased child's inhereitance is divided equally amongst that child's children.
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