California Probate Code 21104 – As used in this part, “at-death transfer” means a transfer that is …
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As used in this part, “at-death transfer” means a transfer that is revocable during the lifetime of the transferor, but does not include a joint tenancy or joint account with right of survivorship.
(Amended by Stats. 2002, Ch. 138, Sec. 13. Effective January 1, 2003.)
Terms Used In California Probate Code 21104
- Joint tenancy: A form of property ownership in which two or more parties hold an undivided interest in the same property that was conveyed under the same instrument at the same time. A joint tenant can sell his (her) interest but not dispose of it by will. Upon the death of a joint tenant, his (her) undivided interest is distributed among the surviving joint tenants.
- Right of survivorship: The ownership rights that result in the acquisition of title to property by reason of having survived other co-owners.
- Transferor: means the testator, settlor, grantor, owner, or other person who executes an instrument. See California Probate Code 81