§ 31A-6. Survivorship property. - North Carolina Statutes

§31A‑6.  Survivorship property.

(a)        Where the slayerand the decedent hold property with right of survivorship as joint tenants,joint owners, joint obligees or otherwise, the decedent's share thereof shallpass immediately upon the death of the decedent to his estate, and the slayer'sshare shall  be held by the slayer during his lifetime and at his death shallpass  to the estate of the decedent. During his lifetime, the slayer shall havethe right to the income from his share of the property subject to the rights ofcreditors of the slayer.

(b)        Where three or morepersons, including the slayer and the decedent, hold property with right ofsurvivorship as joint tenants, joint owners, joint obligees or otherwise, theportion of the decedent's share which would have accrued to the slayer as aresult of the death of the decedent shall pass to the estate of the decedent.If the slayer becomes the final survivor, one half of the property then held bythe slayer shall pass immediately to the estate of the decedent, and upon thedeath of the slayer the remaining interest of the slayer shall pass to theestate of the decedent. During his lifetime the slayer shall have the right tothe income from his share of the property subject to the rights of creditors ofthe slayer. (1961, c. 210, s. 1.)