California § 21503. 21503. (Enacted by Stats. 1990, Ch. 79.)

California Statutes

§ 21503. — 21503. (Enacted by Stats. 1990, Ch. 79.)

California § 21503.

JurisdictionCalifornia

Code PROBProbate Code - PROB

Div. 11.DIVISION 11. CONSTRUCTION OF WILLS, TRUSTS, AND OTHER INSTRUMENTS

Part 5.PART 5. COMPLIANCE WITH INTERNAL REVENUE CODE

Ch. 1.CHAPTER 1. General Provisions

This text of California § 21503. (21503. (Enacted by Stats. 1990, Ch. 79.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Cal. Probate Code - PROB Code § 21503. (2026).

Text

(a)If an instrument includes a formula intended to eliminate the federal estate tax, the formula shall be applied to eliminate or to reduce to the maximum extent possible the federal estate tax.

(b)If an instrument includes a formula that refers to a maximum fraction or amount that will not result in a federal estate tax, the formula shall be construed to refer to the maximum fraction or amount that will not result in or increase the federal estate tax.

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(a)
If an instrument includes a formula intended to eliminate the federal estate tax, the formula shall be applied to eliminate or to reduce to the maximum extent possible the federal estate tax.
(b)
If an instrument includes a formula that refers to a maximum fraction or amount that will not result in a federal estate tax, the formula shall be construed to refer to the maximum fraction or amount that will not result in or increase the federal estate tax.

Legislative History

Enacted by Stats. 1990, Ch. 79.

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Bluebook (online)

California § 21503., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/PROB/21503..