“Net Value” and the Spouse’s Preferential Share On An Intestacy
Is the payment and discharge of a mortgage from the proceeds of a mortgage insurance policy to be taken into account in determining the “net value” of the estate for the purposes of determining a spouse’s preferential share? That was the question before the court in the recent case of Re Estate of Richard Lewis Crane. The deceased, Richard Lewis Crane (the “Deceased”), died intestate. He was survived by his….
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Estate Litigation