Bill Summary for S 218 (2023-2024)

Printer-friendly: Click to view
Bill: ESTATES & TRUSTS CHANGES.

Summary date: 

Aug 16 2023
S.L. 2023-120

Bill Information:

View NCGA Bill Details2023-2024 Session
Senate Bill 218 (Public) Filed Tuesday, March 7, 2023
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 BillTracking:

Bill summary

House committee substitute to the 2nd edition makes the following changes. Sections 1.2 and 1.3 are effective March 1, 2024 (was, December 1, 2023) and apply to decedents dying on or after that date. Sections 2.1 and 2.2 are effective March 1, 2024 (was, December 1, 2023) and apply to wills probated on or after that date. Otherwise, the act is effective March 1, 2024 (was, December 1, 2023).