Election typically occurs when document grants benefit

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Reference no: EM133856503

Question

Turn this into essay How Election Works:

1. Situation of Conflict:

• Election typically occurs when a document grants a benefit to a person but requires them to give up another right or interest that conflicts with that benefit.

2. Choice to be Made:

• The beneficiary must choose ("elect") to either accept the benefit and adhere to the condition or retain their original right and forfeit the new benefit.

3. Example:

• If a testator's will grants property to a beneficiary but also instructs that beneficiary to transfer another piece of their property to someone else, the beneficiary must choose whether to accept the property under the will and comply with its conditions or keep their current property and reject the will's offer.

Reference no: EM133856503

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