Bill Summary for H 736 (2019-2020)

Summary date: 

Jun 16 2020

Bill Information:

View NCGA Bill Details2019-2020 Session
House Bill 736 (Public) Filed Thursday, April 11, 2019
AN ACT TO LIMIT SPOUSAL SHARE WITH RESPECT TO JOINTLY HELD PROPERTY TO A REBUTTABLE PRESUMPTION OF IN-KIND CONTRIBUTION UNLESS OTHERWISE ESTABLISHED BY CLEAR AND CONVINCING EVIDENCE AND TO REQUIRE A FEE FOR FILING A CLAIM FOR AN ELECTIVE SHARE.
Intro. by Zachary, Conrad, Howard.

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Bill summary

Senate committee substitute to the 3rd edition makes the following changes. 

Postpones the effective date of Sections 2 (amending GS 30-3.4 regarding the procedure for determining elective share) and 3 (amending GS 7A-307 regarding costs of estate administration) of the act from December 1, 2019, to December 1, 2020, making the changes applicable to estates of decedents dying on or after that date.

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