California Probate Code 5608 – “Beneficiary” means a person named in a revocable transfer on death …
Current as of: 2024 | Check for updates
|
Other versions
“Beneficiary” means a person named in a revocable transfer on death deed as transferee of the property. A natural person, trust, or legal entity may be named as a beneficiary.
(Amended by Stats. 2021, Ch. 215, Sec. 4. (SB 315) Effective January 1, 2022. Repealed as of January 1, 2032, pursuant to Section 5600.)
Terms Used In California Probate Code 5608
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Person: means an individual, corporation, government or governmental subdivision or agency, business trust, estate, trust, partnership, limited liability company, association, or other entity. See California Probate Code 56
- 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
- Transferee: means the beneficiary, donee, or other recipient of an interest transferred by an instrument. See California Probate Code 81.5
- Trust: includes the following:
California Probate Code 82