Section 16330.
Cal. Probate Code - PROB § 16330.
in effectThe following definitions apply for purposes of this article:
(a)
“Applicable value” means the amount of the net fair market value of a trust taken into account under Section 16336.
(b)
“Express unitrust” means a trust for which, under the terms of the trust without regard to this article, income or net income shall or may be calculated as a unitrust amount.
(c)
“Income trust” means a trust that is not a unitrust.
(d)
“Net fair market value of a trust” means the fair market value of the assets of the trust, less the noncontingent liabilities of the trust.
(e)
“Unitrust” means a trust for which net income is a unitrust amount. The term includes an express unitrust.
(f)
“Unitrust amount” means an amount computed by multiplying a determined value of a trust by a determined percentage. For a unitrust administered under a unitrust plan, the term means the applicable value, multiplied by the unitrust rate.
(g)
“Unitrust plan” means a plan described in Sections 16334 to 16338, inclusive, and adopted pursuant to Section 16332.
(h)
“Unitrust rate” means the rate used to compute the unitrust amount under subdivision (f) for a unitrust administered under a unitrust plan.
References
referencesCal. Probate Code - PROB § 16336.
referencesCal. Probate Code - PROB § 16334.
referencesCal. Probate Code - PROB § 16332.
Source: CA Legislative Counsel Bulk DataURL: https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zipFetched: 6/27/2026