California Probate Code

§ 11604.5

PROB § 11604.5 Effective Jan 1, 2023Div. 7 · Part 10 · Ch. 1 · Art. 1

Statute text

(a)This section applies when distribution from a decedent’s estate is made to a transferee for value who acquires any interest of a beneficiary in exchange for cash or other consideration.

(b)For purposes of this section, a transferee for value is a person who satisfies both of the following criteria:

(1)The person purchases the interest from a beneficiary for consideration pursuant to a written agreement.

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Legislative history

Amended by Stats. 2022, Ch. 452, Sec. 208. (SB 1498) Effective January 1, 2023.