Maryland Election To Take Statutory Share of Estate is a right that all surviving spouses in Maryland have to claim a share of their deceased spouse’s estate. The Maryland Election To Take Statutory Share of Estate allows the surviving spouse to choose between a share of the estate that is set forth in the Maryland statutory law or a share that is provided for in the deceased spouse’s will. In either case, the surviving spouse is entitled to one-third of the deceased spouse’s net estate. The two types of Maryland Election To Take Statutory Share of Estate are the elective share and the enhanced elective share. The elective share allows the surviving spouse to take up to one-third of the net estate, which is computed after taking out any debts, expenses and taxes. The enhanced elective share allows the surviving spouse to take up to one-half of the net estate, which is computed after taking out any debts, expenses and taxes. In either case, the surviving spouse must make a valid election within nine months of the deceased spouse's date of death.
Maryland Election To Take Statutory Share of Estate
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