Bill Summary for S 218 (2023-2024)
Printer-friendly: Click to view
Summary date:
May 2 2023
S.L. 2023-120
Bill Information:
| View NCGA Bill Details | 2023-2024 Session |
AN ACT TO UPDATE AND REORGANIZE THE GENERAL STATUTES RELATING TO SPOUSAL AND CHILD'S ALLOWANCE IN ESTATES AND TO AMEND THE GENERAL STATUTES TO TREAT WILLS AND REVOCABLE TRUSTS ALIKE IN CONSTRUCTION, INTERPRETATION, AND ADMINISTRATION WHEN A MARRIAGE IS DISSOLVED BY ABSOLUTE DIVORCE OR ANNULMENT AFTER EXECUTION OF THE WILL OR REVOCABLE TRUST, AS RECOMMENDED BY THE NORTH CAROLINA BAR ASSOCIATION.Intro. by Galey, Daniel, Sawrey.
| View: All Summaries for Bill | Tracking: |
Bill summary
Senate committee substitute to the 1st edition makes the following changes.
Amends GS 30-17(a) to increase the age limit for a decedent’s child entitled to receive an allowance for support from 18 years to 21 years of age. Increases the amount of allowance for support from $5,000 to $10,000 for the year after decedent’s death.
Makes the changes to Article 4, GS Chapter 30, and GS 28A-15-10 effective and applicable to decedents dying on or after December 1, 2023. Makes the changes to GS 31-5.4 and GS 36C-6-606 effective and applicable to wills probated on or after that date. Makes the rest of the act effective December 1, 2023.