Curtesy

DEFINITION of 'Curtesy'

A common law right of a husband to the estate and property of his deceased wife.
Also known as statutory share, the rights apply to the man if a child was born during the lifetime of the marriage.

BREAKING DOWN 'Curtesy'

When a man's spouse dies, he becomes the beneficiary of her assets. For the right of curtesy to be established, the couple must have born a child during the time of their marriage. The child must be eligible to inherit his mother's estate upon its maturity. The husband who inherits the estate may use it until his death, however, he may not sell or transfer its ownership to any person other than this child.

RELATED TERMS
  1. Dower

    A common law that entitles a widow to a portion of her husband's ...
  2. Beneficiary

    Anybody who gains an advantage and/or profits from something. ...
  3. Will

    A legally enforceable declaration of how a person wishes his ...
  4. Inheritance

    All or part of a person's estate/assets that is given to an heir ...
  5. Estate

    A person's estate is everything comprising the net worth of an ...
  6. Heir

    HeirA person who inherits some or all of the estate of another ...
Related Articles
  1. Taxes

    The Tax Benefits Of Having A Spouse

    Check out the perks designed to promote and preserve your post-work savings - if you're married, that is.
  2. Retirement

    Why You Should Draft A Will

    Don't trust the courts to follow your wishes - plan the distribution of your own assets.
  3. Options & Futures

    An Estate Planning Must: Update Your Beneficiaries

    Life changes make it time to rewrite your plan's designations.
  4. Retirement

    Refusing An Inheritance

    Contrary to popular belief, inheriting assets isn't always a good thing. Find out what to do if you want to disclaim them.
  5. Retirement

    How Women In Transition Should Mind Their Finances

    A whopping 70% of female clients leave for a new advisor after the death of their husband or a divorce.
  6. Budgeting

    How to Financially Prepare Your Kid for the World

    Preparing your kids for financial success is important. Here is a quick guide to setting them up to be smart about money.
  7. Professionals

    Top Ways to Reduce Money Friction in Your Marriage

    Bickering about family financials can get messy. Here are some ways to help resolve money issues and get on the same page financially with a spouse.
  8. Budgeting

    This Is the Year to Start Budgeting

    Whether your issue is credit card debt, student loans (or the fact that Social Security isn't rising next year), it's time to learn how to build a budget.
  9. Professionals

    Top Tips for Helping Clients Through a Divorce

    It may take a delicate touch to properly assist clients who are going through a divorce. Here are some tips.
  10. Investing

    Why to Buy Term Life Insurance with a Conversion Option

    Why you should always purchase a term life insurance policy that allows for an unrestricted conversion option.
RELATED FAQS
  1. What is the Writ of Mandamus?

    A writ of mandamus is a court order issued by a judge at a petitioner’s request compelling someone to execute a duty he is ... Read Full Answer >>
  2. When am I considered "married" for tax purposes?

    You are generally considered married for tax purposes as long as you were married as of the last day of the year, regardless ... Read Full Answer >>
  3. Does marrying someone with bad credit affect my credit score?

    A credit rating is an assessment of an individual's creditworthiness. This evaluation is based on an individual's history ... Read Full Answer >>
Hot Definitions
  1. Flight To Quality

    The action of investors moving their capital away from riskier investments to the safest possible investment vehicles. This ...
  2. Discouraged Worker

    A person who is eligible for employment and is able to work, but is currently unemployed and has not attempted to find employment ...
  3. Ponzimonium

    After Bernard Madoff's $65 billion Ponzi scheme was revealed, many new (smaller-scale) Ponzi schemers became exposed. Ponzimonium ...
  4. Quarterly Earnings Report

    A quarterly filing made by public companies to report their performance. Included in earnings reports are items such as net ...
  5. Dark Pool Liquidity

    The trading volume created by institutional orders that are unavailable to the public. The bulk of dark pool liquidity is ...
Trading Center