curtesy


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curtesy

A widower's portion of his wife's assets that were acquired during the course of their marriage. Curtesy usually amounts to one third of the assets. Compare dower.

curtesy

The right of a husband to some interest in his deceased wife's real estate, even if the wife died without a will or left all property to another in her will.The same rights granted to a widow in her deceased husband's property are called dower.As a result of these rights,mortgage lenders may require a spouse to sign a mortgage instrument giving security in the real estate, even though the spouse has not signed the promissory note and so has no personal liability to repay the debt.Many states have abolished the ancient rights of dower and curtesy.

References in periodicals archive ?
Under the old common law, these categories were limited to tenants by the curtesy, tenants in dower, and guardians in chivalry (Blackstone 282ff).
But by the time Wednesday threatened again Palace were in front curtesy of Hreidarsson.
Rights of dower and curtesy were re-labelled as "mere expectancies," not rights, and taken away by many legislatures and courts.
Further complicating the issue of whether adequate and full consideration has been given is the fact that relinquishment of dower, curtesy or other marital rights in property is not deemed to be consideration in "money or money's worth" {Sec.
Just ask Lovenkrands, whose first two goals in the victory over Plymouth came curtesy of United's road runner.
The gross estate consists of all property, whether real or personal, tangible or intangible, including "all property in which the decedent had an interest at the time of his death and certain property transferred during the lifetime of the decedent without adequate consideration; certain property held jointly by the decedent with others; property over which the decedent had a general power of appointment; proceeds of certain insurance policies on the decedent's life; dower or curtesy of a surviving spouse; and certain life estate property for which the marital deduction was previously allowed" [4].
For example, common-law rights of dower and curtesy have been abolished in almost all jurisdictions.
2043(b), a relinquishment or promised relinquishment of dower or curtesy, or of a statutory estate created in lieu of dower or curtesy, or of other marital rights in the decedent's property or estate, will not be considered consideration in money or money's worth.
The common law concepts of dower and curtesy have gradually been supplanted in many states by a modified form of spousal share of the deceased spouse's estate.
All finishers in the young athletes races will receive an Athletics Weekly wall calendar curtesy of Start Fitness.
Included in the gross estate are items such as real estate, tangible and intangible personal property, certain lifetime gifts made by the decedent, property in which the decedent had a general power of appointment, the decedent's interest in annuities receivable by the surviving beneficiary, the decedent's share in community property, life insurance proceeds (even though payable to beneficiaries other than the estate), dower or curtesy of the surviving spouse (inherited property), and, with certain exceptions, joint estates with right of survivorship and tenancies by the entirety.