Source: http://tampadivorcelawyer.blogspot.com/2011/07/prenuptial-agreements-and-estate.html
Timestamp: 2013-05-18 13:10:11
Document Index: 750062698

Matched Legal Cases: ['§ 732', '§ 732', '§ 732', '§ 732', '§ 732', '§ 732', '§ 732', '§ 61']

Tampa Divorce Lawyer: Prenuptial Agreements and Estate Planning Considerations: ‘Till Death Do Us Part
A surviving spouse also has special rights to homestead real property. A decedent may not freely devise homestead real property upon death if survived by a spouse or minor child. See Fla. Stat. § 732.4015. The surviving spouse is entitled to a life estate in the property or, upon election, an undivided one-half interest. See Fla. Stat. §§ 732.401 and 732.4015. The property is exempt from any claims by the decedent’s creditors. See Art. X, Sec. 4, Fla. Const. Additionally, if a spouse dies intestate (i.e., without a will), a surviving spouse is entitled to a specific share of the estate. See Fla. Stat. § 732.102. If a person marries after making a will, the surviving spouse is entitled to receive an intestate share of the estate. See Fla. Stat. § 732.301. A surviving spouse is also entitled to receive up to $20,000 in certain exempt property. See Fla. Stat. § 732.402. A surviving spouse is separately entitled to receive up to $18,000 in “family allowance” for support during the administration of an estate. See Fla. Stat. § 732.403. Finally, a surviving spouse has preference in appointment to serve as personal representative of a decedent’s intestate estate. All of these rights may be waived in a prenuptial agreement. See, e.g., Fla. Stat. §§ 732.701 and 732.702 (to the extent the prenuptial agreement affects estate and probate rights, it must satisfy all other applicable formalities). The prenuptial agreement, however, may include language requiring the parties to make a will or trust, to give a devise, or not to revoke a will or devise. See Fla. Stat. §§ 61.079(4)(a) and 732.702. A practitioner must be prepared to advise clients on any rights that are being waived and avenues to protect the client’s interests.
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