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Simple English definitions for legal terms

statutory share

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A quick definition of statutory share:

Statutory share is a legal term that means a person has the right to receive a certain amount of money or property when their spouse dies, no matter what is written in the spouse's will. This is to make sure that the surviving spouse is taken care of. The amount of statutory share varies by state and can be based on things like how long the couple was married and how many children they had together. Some states also have similar laws for children in certain situations.

A more thorough explanation:

Statutory share is a legal term that refers to the amount of money or property that a spouse or other person is entitled to receive, regardless of what is written in a will. This means that even if a person's spouse leaves them out of their will, they may still be entitled to a portion of their estate.

For example, let's say that John and Jane are married, and John passes away. If John's will leaves everything to his children and nothing to Jane, Jane may still be entitled to a portion of John's estate under the statutory share laws in their state.

Each state has its own laws regarding statutory share, but they generally apply to spouses and sometimes children. The amount of the statutory share may be a specific dollar amount, a percentage of the estate, or based on the length of the marriage and the number of children the couple had together.

Statutory share laws are designed to protect spouses and children from being completely disinherited by their loved ones. However, they can also limit a person's ability to distribute their assets according to their wishes.

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actually have tasks at work today so i havent done my usual studying
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it was a little chilly yesterday evening so i was able to sleep without sweating my balls off
I hate being a woman. Why am I about to actually drop stupid money for someone else' wedding
AngryMiniCar
14:34
Oof why Bridesmaid?
she's my bestie from hs love her mucho
but also. I just bought 3 dresses. I will be returning two
But I gotta get my hair and nails done
and I'm financially contributing to the Bach party
This is like a $500 investment for me
14:45
my fiancee has been in like 10 weddings and always has to spend way too much money
14:45
5x maid of honor
AngryMiniCar
14:50
Money prospective law students don't have lol
@AngryMiniCar: exactly
@BruceSutter: this is my second time. I am 22
I hope your fiancee makes all of those women be in her bridal party, and then she throws a banging bachelorette party
14:59
My wife and I had a joint backlor and bachlorette party with all the people that we didnt have space to invite to the actual wedding. It was a blast.
Wait this is genius.
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