North Carolina General Statutes 30-21.1. (Effective March 1, 2024) Reporting of allowances by personal representative
Current as of: 2024 | Check for updates
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Terms Used In North Carolina General Statutes 30-21.1
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Decedent: A deceased person.
If the assets awarded as part of a spouse’s allowance or a child’s allowance are distributed directly to the spouse or the petitioner for the child and never come into the possession of the personal representative, the assets shall not be reported on the inventory for the decedent‘s estate or on any subsequent accounting. (2023-120, s. 1.2.)