Elective Share

An elective share is a term used in American law relating to inheritance, which describes a proportion of an estate which the surviving spouse of the deceased may claim in place of what they were left in the decedent's will. It may also be called a widow's share, statutory share, election against the will, or forced share.

Read more about Elective Share:  Function and Operation, Calculation of The Augmented Estate

Famous quotes containing the words elective and/or share:

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