Death Flashcards
1
Q
Testate
A
- Each spouse has testamentary control over her SP + 1/2 of CP (QCP).
- Surviving spouse may receive non-probate xfers (JT/pension)
2
Q
Surviving Spouse’s Election
A
If spouse’s will bequests a CP asset to 3rd party (passing 1/2 of surviving spouse’s CP interest in that asset), the
surviving spouse must choose between CP rights or rights under will.
3
Q
CP w/ Right of Survivorship
A
- If asset so titled, then surviving spouse takes full title.
4
Q
Intestate Succession
A
- CP: Surviving spouse inherits deceased spouse’s 1/2 interest in CP and QCP
- SP (see intestacy rules under Wills and Trusts)