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Section 6320 Of Chapter 8. Nonprobate Transfer To Trustee Named In Decedent’s Will From California Probate Code >> Division 6. >> Part 1. >> Chapter 8.
6320
. As used in this chapter, unless the context otherwise
requires:
(a) "Designation" means a designation made pursuant to Section 6321.
(b) "Instrument" includes all of the following:
(1) An insurance, annuity, or endowment contract (including any agreement issued or entered into by the insurer in connection therewith, supplemental thereto, or in settlement thereof).
(2) A pension, retirement benefit, death benefit, stock bonus, profit-sharing or employees' saving plan, employee benefit plan, or contract created or entered into by an employer for the benefit of some or all of his or her employees.
(3) A self-employed retirement plan, or an individual retirement annuity or account, established or held pursuant to the Internal Revenue Code.
(4) A multiple-party account, as defined in Section 5132.
(5) Any other written instrument of a type described in Section 5000.
(a) "Designation" means a designation made pursuant to Section 6321.
(b) "Instrument" includes all of the following:
(1) An insurance, annuity, or endowment contract (including any agreement issued or entered into by the insurer in connection therewith, supplemental thereto, or in settlement thereof).
(2) A pension, retirement benefit, death benefit, stock bonus, profit-sharing or employees' saving plan, employee benefit plan, or contract created or entered into by an employer for the benefit of some or all of his or her employees.
(3) A self-employed retirement plan, or an individual retirement annuity or account, established or held pursuant to the Internal Revenue Code.
(4) A multiple-party account, as defined in Section 5132.
(5) Any other written instrument of a type described in Section 5000.
