Pennsylvania Waiver of Right to Election by Spouse

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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 right of election of a surviving spouse may be waived, wholly or partially, by a written agreement, or by a waiver signed by the surviving spouse. A valid waiver by a surviving spouse of a right of election against a will must meet three requirements:
1. It must be in the form of a written contract or agreement;
2. It must be signed by the party waiving the right; and
3. There must have been fair disclosure.

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FAQ

A surviving spouse, in most cases, and unless you have a prenuptial agreement, cannot be completely cut out of a will or disinherited. In Pennsylvania, unlike community property states, there is no rule that property bought during marriage is owned by both spouses.

In Pennsylvania, if you are married and you die without a Will, what your Spouse receives depends on whether or not you have living Parents or Descendants, i.e., Children, Grandchildren, or Great-grandchildren. If you have no living Descendants, your Spouse inherits all your Intestate Property or Assets.

Spousal Inheritance Rights in Pennsylvania This is known as the spousal elective share. The elective share is equal to one-third of the decedent's estate if they had surviving children or one-half of the estate if there are no surviving children.

For example, if someone dies without a will in Pennsylvania and they have a spouse but no children, the spouse will receive the entire estate. However, if they have children, the estate will be divided equally among the surviving children and the spouse.

By state law, a surviving spouse in Pennsylvania can elect to take one-third of a decedent spouse's property, which includes: Property passing by the will or intestacy: A surviving spouse can take one-third of any property that the decedent included in his or her will.

In Pennsylvania, if you are married and you die without a Will, what your Spouse receives depends on whether or not you have living Parents or Descendants, i.e., Children, Grandchildren, or Great-grandchildren. If you have no living Descendants, your Spouse inherits all your Intestate Property or Assets.

In Pennsylvania, the courts shortcut probate for any estate worth $50,000 or under.

Intestate Succession Generally Intestate succession is designed to first protect the surviving spouse and the surviving children. If there is no surviving spouse or surviving children, the law will provide for extended family, including parents, siblings, aunts, uncles, and their children and grandchildren.

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Pennsylvania Waiver of Right to Election by Spouse