§ 3-403. Amount of elective share.

MD Est & Trusts Code § 3-403 (2019) (N/A)
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** TAKES EFFECT OCTOBER 1, 2020 PER CHAPTER 435 OF 2019 **

The surviving spouse may elect to take an elective share of an estate subject to election as follows:

(1)    If there is surviving issue, the elective share shall equal one–third of the value of the estate subject to election, reduced by the value of all spousal benefits; or

(2)    If there is no surviving issue, the elective share shall equal one–half of the value of the estate subject to election, reduced by the value of all spousal benefits.