Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

statutory share

Read a random definition: improper cumulation of actions

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.

statutory rape | statutory subject matter

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
LSD+ is ad-free, with DMs, discounts, case briefs & more.