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Current as of January 01, 2023 | Updated by FindLaw Staff
At-death transfers are classified as follows:
(a) A specific gift is a transfer of specifically identifiable property.
(b) A general gift is a transfer from the general assets of the transferor that does not give specific property.
(c) A demonstrative gift is a general gift that specifies the fund or property from which the transfer is primarily to be made.
(d) A general pecuniary gift is a pecuniary gift within the meaning of Section 21118.
(e) An annuity is a general pecuniary gift that is payable periodically.
(f) A residuary gift is a transfer of property that remains after all specific and general gifts have been satisfied.
Cite this article: FindLaw.com - California Code, Probate Code - PROB § 21117 - last updated January 01, 2023 | https://codes.findlaw.com/ca/probate-code/prob-sect-21117/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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