California Probate Code 19027 – (a) The court in its discretion may make any orders and take any …
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(a) The court in its discretion may make any orders and take any other action necessary or proper to dispose of the matters presented by the petition.
(b) If the court determines that the assets of the trust estate are insufficient to pay all debts, then the court shall order payment in the manner specified by Section 11420.
Terms Used In California Probate Code 19027
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Debts: means all claims, as defined in subdivision (a), all expenses of administration, and all other proper charges against the trust estate, including taxes. See California Probate Code 19000
- Trust: means a trust described in Section 18200, or, if a portion of a trust, that portion that remained subject to the power of revocation at the deceased settlor's death. See California Probate Code 19000
(Added by Stats. 1991, Ch. 992, Sec. 3.)