§ 35A-1340 Gifts authorized with approval of judge of superior court
§ 35A-1341 Prerequisites to approval by judge of gifts for governmental or charitable purposes
§ 35A-1341.1 Prerequisites to approval by judge of gifts to individuals
§ 35A-1342 Who deemed specific and residuary devisees of incompetent under § 35A-1341
§ 35A-1343 Notice to minors and incompetents under § 35A-1341 and § 35A-1341.1
§ 35A-1344 Objections to proposed gift; fact that incompetent had previously made similar gifts
§ 35A-1345 Validity of gift
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Terms Used In North Carolina General Statutes > Chapter 35A > Article 18 - Gifts from Principal for Certain Purposes

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Devise: To gift property by will.
  • Donee: The recipient of a gift.
  • Donor: The person who makes a gift.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Executor: A male person named in a will to carry out the decedent
  • Fiduciary: A trustee, executor, or administrator.
  • following: when used by way of reference to any section of a statute, shall be construed to mean the section next preceding or next following that in which such reference is made; unless when some other section is expressly designated in such reference. See North Carolina General Statutes 12-3
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
  • Intestate: Dying without leaving a will.
  • property: shall include all property, both real and personal. See North Carolina General Statutes 12-3
  • Revocable trust: A trust agreement that can be canceled, rescinded, revoked, or repealed by the grantor (person who establishes the trust).
  • state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories, so called; and the words "United States" shall be construed to include the said district and territories and all dependencies. See North Carolina General Statutes 12-3
  • Trustee: A person or institution holding and administering property in trust.
  • United States: shall be construed to include the said district and territories and all dependencies. See North Carolina General Statutes 12-3