Maine Revised Statutes Title 18-C Sec. 2-206 – Decedent’s nonprobate transfers to the surviving spouse
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Excluding property passing to the surviving spouse under the federal Social Security system, the value of the augmented estate includes the value of the decedent‘s nonprobate transfers to the decedent’s surviving spouse, which consist of all property that passed outside probate at the decedent’s death from the decedent to the surviving spouse by reason of the decedent’s death, including: [PL 2017, c. 402, Pt. A, §2 (NEW); PL 2019, c. 417, Pt. B, §14 (AFF).]
1. Joint tenancy. The decedent’s fractional interest in property held in joint tenancy with the right of survivorship, to the extent that the decedent’s fractional interest passed to the surviving spouse as surviving joint tenant;
[PL 2017, c. 402, Pt. A, §2 (NEW); PL 2019, c. 417, Pt. B, §14 (AFF).]
Terms Used In Maine Revised Statutes Title 18-C Sec. 2-206
- Decedent: A deceased person.
- Joint tenancy: A form of property ownership in which two or more parties hold an undivided interest in the same property that was conveyed under the same instrument at the same time. A joint tenant can sell his (her) interest but not dispose of it by will. Upon the death of a joint tenant, his (her) undivided interest is distributed among the surviving joint tenants.
- Probate: Proving a will
- Property: includes values subject to a beneficiary designation. See Maine Revised Statutes Title 18-C Sec. 2-201
- Right of survivorship: The ownership rights that result in the acquisition of title to property by reason of having survived other co-owners.
2. Co-ownership registration. The decedent’s ownership interest in property or accounts held in co-ownership registration with the right of survivorship, to the extent the decedent’s ownership interest passed to the surviving spouse as surviving co-owner; and
[PL 2017, c. 402, Pt. A, §2 (NEW); PL 2019, c. 417, Pt. B, §14 (AFF).]
3. Other nonprobate transfers. All other property that would have been included in the augmented estate under section 2?205, subsection 1 or 2 had it passed to or for the benefit of a person other than the decedent’s spouse, surviving spouse, the decedent or the decedent’s creditors, estate or estate creditors.
[PL 2017, c. 402, Pt. A, §2 (NEW); PL 2019, c. 417, Pt. B, §14 (AFF).]
SECTION HISTORY
PL 2017, c. 402, Pt. A, §2 (NEW). PL 2017, c. 402, Pt. F, §1 (AFF). PL 2019, c. 417, Pt. B, §14 (AFF).