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elective share

The elective share is also known as a spousal share , statutory share , election against the will, or forced share . In the United States, statutory elective share law exists to prevent the disinheritance of a spouse. Elective share statutes give to a surviving spouse a fixed fraction, typically out of a probate estate of the deceased spouse. Traditionally that fraction is one-third of the estate regardless of the length of the marriage . The Uniform Probate Code provides a more complicated scheme for determining the elective share. Elective share statutes are enacted in “separate property states .” These are often contrasted with “community property states.”

See also marital property

[Last reviewed in July of 2024 by the Wex Definitions Team
]

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