California Law (Last Updated: March 4, 2014) |
Probate Code - PROB |
Division 7. ADMINISTRATION OF ESTATES OF DECEDENTS |
Part 3. INVENTORY AND APPRAISAL |
Chapter 2. Inventory |
ARTICLE 1. General Provisions |
Section 8851.
Latest version.
-
The discharge or devise in a will of any debt or demand of the testator against the executor or any other person is not valid against creditors of the testator, but is a specific devise of the debt or demand. The debt or demand shall be included in the inventory. If necessary, the debt or demand shall be applied in the payment of the debts of the testator. If not necessary for that purpose, the debt or demand shall be distributed in the same manner and proportion as other specific devises.
(Enacted by Stats. 1990, Ch. 79.)