California Probate Code 5505 – Registration in beneficiary form may be shown by the words “transfer …
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Registration in beneficiary form may be shown by the words “transfer on death” or the abbreviation “TOD,” or by the words “pay on death” or the abbreviation “POD,” after the name of the registered owner and before the name of a beneficiary.
(Added by Stats. 1998, Ch. 242, Sec. 2. Effective January 1, 1999.)
Terms Used In California Probate Code 5505
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- Beneficiary: means a person to whom a donative transfer of property is made or that person's successor in interest, and:
California Probate Code 24