The Rise of The Revocable Trust In California

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The Rise of The Revocable Trust In California

Trusts and Estates Quarterly; Vol. 29, Issue 2

Credit(s):

1 Self-Study Credit

Course Number:

TE_Vol29_Issue2_1_2023

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Category: Trusts & Estates

Category: Trusts & Estates (show less)

Fifty years ago, in 1973, when “Tie a Yellow Ribbon ‘Round the Old Oak Tree” topped Billboard’s annual list of the top 100 songs, the California State Bar (“State Bar”) officially refused to recommend replacing the California Probate Code with the Uniform Probate Code (“UPC”). Instead of recommending the adoption of the UPC, the State Bar proposed the adoption of statutes purportedly aimed at streamlining the California probate administration process. The proposed statutes became the Independent Administration of Estates Act (“IAEA”), now set forth in Probate Code sections 10400 through 10591.

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