elective share

Wills & estates. The percentage of a deceased spouse’s estate, set by statute, that a surviving spouse (or sometimes a child) may choose to receive instead of taking under a will or in the event of being unjustifiably disinherited.

— Also termed forced share; statutory share; statutory forced share. See RIGHT OF ELECTION. [Cases: Wills 778–803. C.J.S. Wills §§ 1841–1879.]

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词条贡献者

译员Nanda，毕业于英国顶尖的高级翻译学院，专注翻译各种与证券和消费者集体诉讼有关的法律文件。