Right of election

Right of election – In the meaning, given by the Inheritance Law in some Commonwealth jurisdictions, this is legal right given to a survived spouse to choose to accept either the assets, left to him/her with the provisions of personal will by the ancestor, or to receive these assets available to them under the provisions of the local Inheritance Law. For example, a husband dies and leaves with a will a mansion to his wife. On the other side, the Inheritance Law entitles her to receive 1/3 of all his left assets (cars, bank accounts, immovable properties that cost more). So the widow may choose either to get the mansion or alternatively, her 1/3 share of the whole inheritance pot.

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