California Probate Code

§ 21135

PROB § 21135 Effective Jan 1, 2003Div. 11 · Part 1 · Ch. 3

Statute text

(a)Property given by a transferor during his or her lifetime to a person is treated as a satisfaction of an at-death transfer to that person in whole or in part only if one of the following conditions is satisfied:

(1)The instrument provides for deduction of the lifetime gift from the at-death transfer.

(2)The transferor declares in a contemporaneous writing that the gift is in satisfaction of the at-death transfer or that its value is to be deducted from the value of the at-death transfer.

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Legislative history

Amended by Stats. 2002, Ch. 138, Sec. 36. Effective January 1, 2003.