S197 - GSC Trusts & Estates Amendments. (SL 2021-85)

Overview: S.L. 2021-85 removes the location requirement for holographic wills to align North Carolina with all other states recognizing holographic wills, updates definitions of "Terms of a Trust" and "Trust Instrument" and revises the article on power holders of trusts, clarifies the trust exclusion to the rule against perpetuities, and make technical changes in the surrounding language, as recommended by the General Statutes Commission.

The act has multiple effective dates. See the full summary for details.