California Probate Code 5702 – (a) A gift in view of impending death is one which is made in …
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(a) A gift in view of impending death is one which is made in contemplation, fear, or peril of impending death, whether from illness or other cause, and with intent that it shall be revoked if the giver recovers from the illness or escapes from the peril.
(b) A reference in a statute to a gift in view of death means a gift in view of impending death.
Terms Used In California Probate Code 5702
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- gift: means a transfer of personal property made voluntarily and without consideration. See California Probate Code 5700
- Statute: A law passed by a legislature.
(Added by Stats. 1991, Ch. 1055, Sec. 18.)