Terms Used In North Carolina General Statutes > Chapter 31 > Article 8 - Testamentary Additions to Trusts

• Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
• Devise: To gift property by will.
• Inter vivos: Transfer of property from one living person to another living person.
• Personal property: All property that is not real property.
• personal property: shall include moneys, goods, chattels, choses in action and evidences of debt, including all things capable of ownership, not descendable to heirs at law. See North Carolina General Statutes 12-3
• 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• Revocable trust: A trust agreement that can be canceled, rescinded, revoked, or repealed by the grantor (person who establishes the trust).
• Testator: A male person who leaves a will at death.
• Trustee: A person or institution holding and administering property in trust.