CLU - CFP Topics 53 - 73 Estate Planning: Statutes That Override a Will

Question 1

Surviving spouses in many common law states are allowed to elect against the will under the ___.

Answer 1

UPC Spousal Elective Share

Question 2

Community property states:
Surviving spouse automatically cared for by:
- Having a ___ interest in all properties
- Acquired by ___ or self-employment
- While married
- ___ in a community property state

Answer 2

• half
• wages
• domicile

Question 3

Additional statutes that override a will (in lieu of and not in addition to the bequest under a will):

Answer 3

• dower
• curtesy
• homestead allowance
• homestead exemption
• exempt property award statute
• Mortman statutes
• familiy allowance statute
• pretermitted heirs
• omitted heirs statutes