Added by Stats. 1991, Ch. 992, Sec. 3.
Chapter 9 - Claims Established by Judgment
California Probate Code — §§ 19300-19304
Sections (5)
Added by Stats. 1991, Ch. 992, Sec. 3.
When a money judgment against a trustee in a representative capacity becomes final, it conclusively establishes the validity of the claim for the amount of the judgment. The judgment shall provide that it is payable out of property in the deceased settlor’s trust estate in the course of administration. An abstract of the judgment shall be filed in the trust administration proceedings.
Added by Stats. 1991, Ch. 992, Sec. 3.
Added by Stats. 1991, Ch. 992, Sec. 3.
If trust property of the deceased settlor is subject to an execution lien at the time of the settlor’s death, enforcement against the property may proceed under the Enforcement of Judgments Law (Title 9 (commencing with Section 680.010) of Part 2 of the Code of Civil Procedure) to satisfy the judgment. The levying officer, as defined in Section 680.260 of the Code of Civil Procedure, shall account to the trustee for any surplus. If the judgment is not satisfied, the balance of the judgment remaining unsatisfied is payable in the course of administration.
Amended by Stats. 2007, Ch. 159, Sec. 29. Effective January 1, 2008.