If an instrument directs the conversion of real property into money at the transferor‘s death, the real property and its proceeds shall be deemed personal property from the time of the transferor’s death.

(Amended by Stats. 2002, Ch. 138, Sec. 16. Effective January 1, 2003.)

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Terms Used In California Probate Code 21107

  • Instrument: means a will, a document establishing or modifying a trust, a deed, or any other writing that designates a beneficiary or makes a donative transfer of property. See California Probate Code 45
  • Personal property: All property that is not real property.
  • Property: means anything that may be the subject of ownership and includes both real and personal property and any interest therein. See California Probate Code 62
  • Transferor: means the testator, settlor, grantor, owner, or other person who executes an instrument. See California Probate Code 81
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