retirement

What is election against the will?

 

What is election against the will?

(The Bankrate.com financial term of the day is:) "Election against the will."

This is sometimes called "take against the will." It's a legal right that can kick in if your spouse dies -- and sticks it to you in the will. When a hubby or wife leaves you out in the financial cold, your state may allow you to collect a percentage of the dear departed's assets instead.

An estranged wife whose spiteful husband left her a dollar and left everything else to his German shepherd could have the last laugh by making an election against the will to claim a bigger portion of the estate.

To find out more about estate planning, visit the Retirement tab at Bankrate.com.

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
CAR & MONEY NEWSLETTER

Get cost-cutting tips for buying, selling and maintaining your wheels. Delivered monthly.

advertisement
Partner Center
advertisement

Blog

Tara Baukus Mello

Pumpkin-carving for car lovers

Car lovers will love carving a cool car pumpkin from a template created by three automotive aftermarket companies.  ... Read more


Connect with us