Elective Share Contribution Obstacles
While election and determination of elective share may not pose a problem, enforcing contribution from beneficiaries can.
Under the Florida Probate Code, when a person’s spouse dies, the surviving spouse has the right to take an elective share pursuant to Florida Statute § 732.201. An elective share is essentially Florida’s way of insuring that some money or property is left to the surviving husband or wife. The elective share estate includes not only probate assets but many assets which are designed to pass outside the probate estate. Pursuant to Fla. Stat. § 732.2065, the elective share is equal to 30% of the elective estate. A significant amount of litigation occurs regarding the elective share. (more…)