California Probate Code 12003 – If a general pecuniary devise, including a general pecuniary devise …
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If a general pecuniary devise, including a general pecuniary devise in trust, is not distributed within one year after the testator‘s death, the devise bears interest thereafter.
(Enacted by Stats. 1990, Ch. 79.)
Terms Used In California Probate Code 12003
- Devise: To gift property by will.
- Devise: when used as a noun, means a disposition of real or personal property by will, and, when used as a verb, means to dispose of real or personal property by will. See California Probate Code 32
- Testator: A male person who leaves a will at death.
- Trust: includes the following:
California Probate Code 82