Omitted spouse means a surviving spouse who has been omitted from the last will of the decedent and seeks to receive a forced share of the decedent's probate estate under applicable probate law. The term "omitted spouse" also includes a surviving spouse named as a beneficiary in the last will of the decedent but whose bequest under said last will is less than otherwise obtainable as a forced share under applicable probate law.
Omitted spouse means a surviving spouse who has been omitted from the last will of the decedent and seeks to receive a forced share of the decedent's probate estate under applicable probate law. The term "omitted spouse" also includes a surviving spouse named as a beneficiary in the last will of the decedent but whose bequest under said last will is less than otherwise obtainable as a forced share under applicable probate law. of the Parties A. ASSETS Estimated Fair Market Value Estimated Fair Market Value NAME 1 Cash 2 Stocks, bonds, and marketable securities 3 Closely held business interest 4 Home Equity 5 Other Real Estate 6 IRAs
Examples of Omitted spouse in a sentence
Problems with out-of-date wills-- Omitted spouse or children (failure to change will after remarriage)-- Named executor is deceased or incapacitated or no longer a good choice-- Specific gifts of property that you no longer own-- One or more of your named beneficiaries is deceased-- Failure to nominate guardians for minor children, or nomination of guardians who are no longer the best choice-- Failure to respond to tax law changesB.