What About The Surviving Spouse's Rights?
A common misconception is that, upon death, all of an individual`s property passes directly to the surviving spouse. This is simply not the case. In Missouri, if a person dies without having left a will, the surviving spouse is entitled to receive onehalf (1/2) of the estate if the deceased is survived by children, and the first $20,000 from the estate if the surviving spouse is also the parent of all of the surviving children. This share is in addition to certain exempt property and other statutory allowances. The exempt property is that which the spouse or the unmarried minor children are entitled to receive absolutely, without regard to any provisions the deceased might have made for the disposition of other assets. The exempt property includes the family Bible, books, clothing, household appliances, furniture, one automobile, and the like. The support allowance is an award made to the surviving spouse for his or her maintenance (and that of the unmarried minor children) for a period of one year after the deceased`s death. The amount of the award is judged by the family`s previous standard of living.
On the other hand, in Missouri (even if an individual leaves a will) the spouse cannot be completely disinherited unless some form of contractual arrangement has been made before death. For example, a spouse is entitled to receive as his or her minimum share either onehalf (1/2) of the deceased`s property if there are not children or grandchildren, or onethird of the property if the deceased spouse is survived by children or grandchildren.
This participation in the deceased`s estate is subject to the claims of creditors, and is in addition to the survivor`s statutory allowances and exempt property as discussed above. However, in determining the statutory percentages, certain other property received by the survivor (such as life insurance, joint property and trust assets) must also be taken into account.
If the deceased leaves a will giving the spouse less than these percentages, the spouse may within a specified time elect to take against the will and thus receive the statutory share instead of the provisions made in the will. The probate division is required to notify the surviving spouse of this right of election shortly after the will is probated. Omitted spouses, or those who were married after the deceased`s will was executed, may claim an intestate share of the estate. In certain cases, similar provisions are also included for any children who might have been born after the will was executed.
Additional Missouri Estate Planning FAQs
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Q:
What Is A Power Of Attorney?
A: A power of attorney is a document by which you appoint a person to act as your agent. An agent is one who has authorization to act for another person. The person who … More -
Q:
What Is A Durable Power Of Attorney?
A: Many people are unaware that an ordinary power of attorney is revoked, and the agent`s power to act for the principal automatically stops, if the principal becomes … More -
Q:
What About The Revocation Of A Durable Power Of Attorney?
A: The death of the principal revokes even a durable power of attorney, except for a third person relying on the power of attorney who does not know of the death. Also, … More -
Q:
What Powers Are Granted By General Powers Of Attorney?
A: Under Missouri law before August 1989, a valid power of attorney had to spell out in detail all of the authorizations granted to the agent. Under a new Missouri law … More -
Q:
Must I Sign A Power, And If I Do, Will It Be Followed?
A: No person can be forced to sign a power of attorney, especially one for health care decisions, which cannot be required for admission to a hospital. Once created, … More -
Q:
What Specific Cautions Must Be Made In Preparing And Granting Powers Of Attorney?
A: An effective durable power of attorney, and especially a springing durable power of attorney, needs to be very carefully worded and you should seek the assistance of … More -
Q:
What Is Probate?
A: Most people are familiar with the operation of the civil and criminal divisions, having seen trials portrayed on television and described in various newspaper … More -
Q:
How Is Property Transferred At Death?
A: The probate division has been established primarily to protect the rights of one`s heirs, beneficiaries under a will and creditors, and to assure the orderly transfer … More -
Q:
What About The Rights Of Creditors And Collection Of Debts?
A: The probate division serves as a forum through which creditors of the deceased can protect their claims and seek payment. Also, the Personal Representative of the … More -
Q:
What About Payment Of Death Taxes?
A: Another important function of the probate division is to provide for the collection of any taxes which might have been due by reason of the deceased`s death or on the … More

