When talking about the legal concept of a “surviving spouse,” it’s important to understand everyone’s rights and obligations in the event of the death of one of the partners. In most cases, the surviving spouse will be eligible for certain benefits and have certain rights reserved for them that were established during the partnership.
A surviving spouse is typically a person married to an individual whose death has occurred. Depending on the laws that are applicable and whether or not a will has been prepared, this person may acquire certain rights and obligations. These rights and obligations stem from state laws and the terms of any existing will.
For example, if a married couple own a home together, the surviving spouse may be able to keep the home after the death of his or her partner. Or in certain states that allow a ‘so-called’ “Tenancy By the Entirety”, where neither spouse can transfer any portion of the property or mortgage the property without the written consent of the other spouse, the surviving spouse will be able to keep the property in most cases.
The surviving spouse may also be eligible for certain tax benefits, as well as receiving a survivor benefit from a pension or Social Security. Even if the deceased spouse had no will and the assets are in their sole name, the surviving spouse will often have rights in the estate. Depending on the state laws, a surviving spouse may be able to receive a portion of the probate estate automatically.
Understanding the Rights and Obligations of a Surviving Spouse
While the specific rights and obligations of a surviving spouse will depend entirely on the laws of a state and the terms of a will or trust, there are some common elements. For instance, the surviving spouse may be able to take distributions from the decedent’s pension or Social Security, or receive a portion of the estate assets.
The surviving spouse may also be responsible for managing the estate assets. When the deceased spouse has an estate plan in place, such as a will, trust or other estate planning document, the surviving spouse will be responsible for making sure the instructions in the document are carried out. This can include managing and distributing assets, including property, bank accounts and investments.
In some cases, a surviving spouse may also be responsible for paying debts. It’s important to remember that there are differences between state and federal laws when it comes to the payment and responsibility of debts following the death of a spouse. A surviving spouse should always check with an attorney or financial advisor to determine if any debts need to be paid.
Conclusion
In summary, a surviving spouse is a person married to an individual whose death has occurred. Depending on state laws and the terms of any existing will, this person may obtain certain rights and be eligible for certain benefits, as well as have certain obligations upon the death of his or her partner. It’s important to understand these rights and obligations when making decisions about what financial steps should be taken following the death of a partner.