§ 12004
53 words·~1 min read·
/ca/probate-code/12004A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)An annuity commences at the testator’s death and shall be paid at the end of the annual, monthly, or other specified period.
(b)If an annuity is not paid at the end of the specified period, it bears interest thereafter, but no interest accrues during the first year after the testator’s death.