§ 3-404. Estate subject to election
West's Annotated Code of MarylandEstates and TrustsEffective: October 1, 2020
Effective: October 1, 2020
MD Code, Estates and Trusts, § 3-404
§ 3-404. Estate subject to election
(a)(1) Subject to paragraph (2) of this subsection, the value of the decedent's augmented estate shall be calculated by totaling the value of:
(b) The estate subject to election shall be calculated by reducing the value of the decedent's augmented estate by:
(6) The value of any property included in the augmented estate under subsection (a)(1)(iii), (iv), or (v) of this section, the disposition of which the surviving spouse of the decedent consented to in writing during the decedent's lifetime other than by means of spousal consent to split-gift treatment under the federal gift tax laws;
(c)(1) The value of a qualifying lifetime transfer described under § 3-401(i)(1)(i) of this subtitle shall be determined as if the property still was owned by the transferor.
Credits
Added by Acts 2019, c. 435, § 1, eff. Oct. 1, 2020.
MD Code, Estates and Trusts, § 3-404, MD EST & TRST § 3-404
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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