15:58
Moons with the truth. Yeah it matters, but try to not put a metaphorical gun to ur head saying "I must get a 170' bc are making it 100x harder by doing so.
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Simple English definitions for legal terms
spousal share
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A quick definition of spousal share:
Spousal share refers to the amount of money or property that a spouse is entitled to receive after their partner passes away, regardless of what is written in their will. This prevents a spouse from being completely left out of their partner's will. Each state has different laws about how much a spousal share should be, which can be based on factors like the length of the marriage and the number of children the couple had together.
A more thorough explanation:
Spousal share, also known as forced, elective, or statutory share, is the amount of inheritance that a spouse is entitled to receive after their partner passes away, regardless of what is stated in the will. This means that a spouse cannot be completely disinherited by their partner's will.
For example, if a husband writes a will leaving all his assets to his children and nothing to his wife, the wife may still be entitled to a portion of the estate as per the spousal share laws of the state.
The amount of spousal share varies from state to state. Some states have a fixed percentage, while others have specific dollar amounts or base the amount on the length of the marriage and the number of children the couple had together. The traditional spousal share was one-third, but this is not the case in all states.
It is important to note that spousal share laws only apply to legally married spouses and not to unmarried partners or common-law spouses.