Home > Uncategorized > >California Trust/Probate Update – Five or Five Provision

>California Trust/Probate Update – Five or Five Provision

>New California Trust/Probate Update.

Estate of Cairns.

Summary: The five or five provision in a decedent’s will, which authorized a trust beneficiary to elect an annual receipt of the greater of $5,000 or five percent of the value of the trust principal allowed the distribution to include not only cash, but also an interest in real property.

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