Connecticut Notice of Election by Surviving Spouse

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US-03335BG
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Description

An elective share is a term used relating to inheritance, which describes a proportion of an estate which the surviving spouse of the deceased may claim in place of what they were left in the decedent's will. It has also been called a widow's share, statutory share, election against the will, or forced share.


The election rights of a spouse are governed by state laws, which vary by state. Under such laws, the surviving spouse has historically had the option of either:
1. Accepting what was provided to him or her pursuant to the decedents will; or
2. Electing to take a fixed portion of the decedents probate estate property.


The rationale for granting an election to the surviving spouse is to ensure that the surviving spouse receives at a minimum amount of the decedents wealth which, in many cases, was accrued during the marriage.


Currently, the amount to be reserved for a spouse is determined by the law of the state where the estate is located. In most states, the elective share is between 1/3 and 1/2 of all the property in the estate, although many states require the marriage to have lasted a certain number of years for the elective share to be claimed, or adjust the share based on the length of the marriage, and the presence of minor children. Some states also reduce the elective share if the surviving spouse is independently wealthy.

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FAQ

In Connecticut, the right of survivorship comes when you own property in joint tenancy. Property owned in joint tenancy automatically passes to the surviving owners when one owner dies. No probate is necessary.

Right of Election: ?On the death of a spouse, the surviving spouse may elect, as provided in subsection (c) of this section, to take a statutory share of the real and personal property passing under the will of the deceased spouse?? Conn. Gen. Stat. § 45a-436(a) (2021).

We often hear clients ask, ?Is CT a community property state?? No, Connecticut is not a community property state. Instead, Connecticut is an ?equitable distribution? state and considers all property owned by the spouses as property to be divided fairly.

Transfer-On-Death Assets In some states, real estate can also be registered to transfer on death, but Connecticut law does not allow transfer-on-death deeds for real estate. To take advantage of this strategy, you must designate the beneficiary on the registration or title of the asset prior to death.

A Guide to Connecticut Inheritance Laws Intestate Succession: Spouses and Children? Spouse and parents? Spouse inherits the first $100,000 of property, and three-quarters of the remaining balance ? Parents inherit the rest5 more rows ?

If you die intestate in Connecticut, what your spouse inherits depends on whether or not you have living parents or descendants. If you don't, your spouse inherits everything. If you have living parents, and a surviving spouse, your spouse will inherit the first $100,000 of intestate property.

§ 45a-436(a) (2021). Statutory share: ??means a life estate of one-third in value of all the property passing under the will, real and personal, legally or equitably owned by the deceased spouse at the time of his or her death, after the payment of all debts and charges against the estate.

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Connecticut Notice of Election by Surviving Spouse