Wills, Trusts, and Estates, Volume 1 |
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Page 387
... ElEcTIVE SHARE ] ( a ) In the proceeding for an elective share , values included in the augmented estate which pass or have passed to the surviving spouse , or which would have passed to the spouse but were renounced , are applied first ...
... ElEcTIVE SHARE ] ( a ) In the proceeding for an elective share , values included in the augmented estate which pass or have passed to the surviving spouse , or which would have passed to the spouse but were renounced , are applied first ...
Page 388
... elective share amount , based upon the duration of the marriage ( 10 percent upon marriage , with 5 percent annual accruals until 100 percent of the one - third or one - half elective share is reached after 18 years of marriage ) ...
... elective share amount , based upon the duration of the marriage ( 10 percent upon marriage , with 5 percent annual accruals until 100 percent of the one - third or one - half elective share is reached after 18 years of marriage ) ...
Page 392
... elective share of 50 percent . H owns $ 500,000 in assets ( augmented estate ) . W owns $ 100,000 in assets ( augmented estate ) . Combined , they own property worth $ 600,000 . Upon H's death , W has an elective share of $ 300,000 . W ...
... elective share of 50 percent . H owns $ 500,000 in assets ( augmented estate ) . W owns $ 100,000 in assets ( augmented estate ) . Combined , they own property worth $ 600,000 . Upon H's death , W has an elective share of $ 300,000 . W ...
Contents
Societys Control | 1 |
Union National Bank | 20 |
Notes and Questions | 27 |
Copyright | |
47 other sections not shown
Common terms and phrases
A's children A's death adopted appeal apply attorney Bank beneficiary benefit bequeathed bequest Blackacre charitable child claim clause codicil common law community property constructive trust corpus court held created creditors cy pres daughter deceased decedent decedent's defendant determine devise disposition distribution doctrine donor elective share entitled estate tax evidence executed executor exercise fee simple fiduciary funds future interest gift tax grandchildren gross estate heirs husband income infra inheritance inter vivos trust intestacy investment issue joint tenancy lawyer living marriage Note plaintiff power of appointment predeceased principal problem purpose question reason residuary Restatement Second revocable trust revoke Rule against Perpetuities settlor special power spendthrift trust statute supra surviving spouse tenant termination testamentary testator's death testatrix transfer trial court trust assets trust instrument trust property Trusts Law Uniform Probate Code valid vested wife witnesses