Bill Summary for H 736 (2019-2020)
Jun 16 2020
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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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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.