Cal. Code Regs. tit. 18 § 13603
Current through Register 2024 Notice Reg. No. 45, November 8, 2024
If a decedent makes a bequest or devise of property to his executor named in his will in lieu of compensation for services fixed by law, the passage to the executor of that portion of the bequest or devise which is equal to his statutory compensation fixed by Section 901 of the Probate Code is exempt from the Inheritance Tax Law.
NOTE: As to the deduction of executor's fees in determining the clear market value of property, see Section 13988.
NOTE: Reference: Section 13603, Revenue and Taxation Code.
Cal. Code Regs. Tit. 18, § 13603