Statutory share
Term · Law · MLC-T-LAW-004689
The portion of a deceased person's estate that a surviving spouse can claim under a statute regardless of what the will provides, also called the elective share. It protects the spouse from disinheritance and is typically a fixed fraction of the estate, such as one third or one half depending on the state. Jurisdictions with forced heirship rules, such as Louisiana, reserve a share for certain children as well.
| Identifier | MLC-T-LAW-004689 |
|---|---|
| Field | Law |
Record as JSON
{
"id": "MLC-T-LAW-004689",
"term": "Statutory share",
"field": "Law",
"definition": "The portion of a deceased person's estate that a surviving spouse can claim under a statute regardless of what the will provides, also called the elective share. It protects the spouse from disinheritance and is typically a fixed fraction of the estate, such as one third or one half depending on the state. Jurisdictions with forced heirship rules, such as Louisiana, reserve a share for certain children as well.",
"url": "https://mlchart.com/terminology/law/statutory-share/"
}
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