California Probate Code

§ 13205

PROB § 13205 Effective Jan 1, 2023Div. 8 · Part 1 · Ch. 5

Statute text

(a)A transferee is personally liable to any person having a superior right to transferred property by testate or intestate succession from the decedent. Except as provided in subdivision (d), the personal liability established by this subdivision shall not exceed the sum of the following, less the amount of any payment made pursuant to Section 13204 or 13204.5:

(1)The fair market value at the time of the issuance of the certified copy of the affidavit under Section 13202 of the transferred property, less the amount of any liens and encumbrances on the transferred property at that time.

(2)Income received from the property, if that income would have accrued to the estate had the property not been transferred to the transferee.

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Legislative history

Amended by Stats. 2022, Ch. 29, Sec. 17. (AB 1716) Effective January 1, 2023.