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right of election

   Also found in: Legal 0.01 sec.
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.right of election - in probate law: the legal right of a surviving spouse to elect to take either what the deceased spouse gave under the will or the share of the estate as set forth by statute
legal right - a right based in law
law, jurisprudence - the collection of rules imposed by authority; "civilization presupposes respect for the law"; "the great problem for jurisprudence to allow freedom while enforcing order"


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The revenue procedure deals with the effect of a spousal right of election on a trust's qualification as a CRAT or CRUT.
Existing CRTs can also be affected if u surviving spouse actually exercises a right of election under a state statute.
 
 
 
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