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A waiver of spousal rights is a contractual agreement that negates a surviving spouse's rights to the following: Property that would have passed to the surviving spouse through intestate succession. Property that would have passed from the decedent to the surviving spouse by a will executed before the waiver.

This is because, under Missouri Revised Statute 474.150, any conveyance of real estate made by a married person without the written expressed assent of his or her spouse is deemed to be in fraud of the spouse's marital rights.

A waiver of spousal rights is a contractual agreement that negates a surviving spouse's rights to the following: Property that would have passed to the surviving spouse through intestate succession. Property that would have passed from the decedent to the surviving spouse by a will executed before the waiver. A ...

As far as a lender is concerned, a Marital Waiver is necessary where the spouse acknowledges a lien on the subject property, subordinating their interest in the real property to the lienholder. In Missouri, a spouse must either be on the DOT or sign a waiver. Lenders prefer to have both spouses on the Deed of Trust.

In order assist both brokers and buyers with the process of unwinding a cancelled real estate transaction, the department created the cancellation and mutual release form (CAMR). This form can be used by brokers to record key information regarding the cancellation such as the: type of transaction being cancelled.

The WB-45 Cancellation Agreement and Mutual Release is a form which permits the parties to an agreement or contract to cancel the contract and to authorize any real estate broker holding funds on behalf of the parties to disburse those monies.