Examples of Marital share in a sentence
Examples of these expenses could include executor commissions and attorney fees (except to the extent of commissions or fees specifically related to investment, preservation, or maintenance of the assets), probate fees, expenses incurred in construction proceedings and defending against will contests, and appraisal fees.(iii) Marital share.
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Current Spouse • Court Order– Who is paying for the reduction?– Marital share or maximum?– Elect current spouse benefit despite court order• Forfeit upon remarriage of former spouse unless 30-year marriage• Retirement election #5: former spouse benefit (need current spouse consent if married) Which of the following is not true about CSRS and FERS surviving spouse annuity elections: A.
The propriety of each strategy for a particular client is driven by the unique facts of the clients’ situation, often guided by clients’ prenuptial or postnuptial agreement.(a) Statutory Minimum to the Marital ShareThis method distributes an amount equal to the surviving spouse’s statutory “elective share” to the Marital share.
Although both shares may provide benefit to the surviving spouse, the Marital share will ultimately be included in the surviving spouse's estate at the spouse's later death.
As we will see, the surviving spouse may benefit from distributions from the Marital share, Non- Marital share, or both.
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Under this final “safe harbor” pecuniary funding method the Marital share is funded in an amount at least equal to the amount determined based on the original asset value determined on the decedent’s date of death.34For example, if there is a 10% net increase in the estate value between the decedent’s date of death and the funding date, the amount transferred to the Marital share is increased by 10%.
In addition, the Marital share is protected from the impact of asset depreciation that may occur between the date of death and the funding date; all risk of depreciation is borne by the residuary estate.
Under this approach, all of the deceased spouse’s property is distributed to the Marital share.