Estates and trusts: creditor's claim.

Existing law permits property to be titled in a trust, and provides that, upon the death of a settlor of a trust, the property of the deceased settlor that was subject to the power of revocation at the time of the settlor's death is subject to the claims of creditors of the deceased settlor's estate. Existing law defines specified terms for the purposes of these provisions. This bill would define the terms "probate estate" and "trust estate" for the purposes of these provisions and clarify that certain uses of the term "estate" in existing law refer to a probate estate.