California Probate Code

§ 13208.5

PROB § 13208.5 Effective Jan 1, 2023Div. 8 · Part 1 · Ch. 5

Statute text

(a)If the transferee’s action or inaction increased the value of property returned to the estate or decreased the estate’s obligations, the personal representative shall reimburse the transferee by the same amount. Actions or inaction that increase the value of returned property or decrease the estate’s obligations include, but are not necessarily limited to, the following actions:

(1)A payment toward an unsecured debt of the decedent.

(2)A payment toward a debt secured against the returned property.

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Legislative history

Added by Stats. 2022, Ch. 29, Sec. 23. (AB 1716) Effective January 1, 2023.