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)
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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.

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3
Q

CP w/ Right of Survivorship

A
  • If asset so titled, then surviving spouse takes full title.
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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)
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