§ 35A-1352. Who deemed specific and residuary legatees and devisees of incompetent under § 35A-1351. - North Carolina Statutes

§35A‑1352.  Who deemed specific and residuary legatees and devisees ofincompetent under § 35A‑1351.

For purposes of G.S. 35A‑1351(5)aof this Article, if such paper‑writing provides for the residuary estateto be placed in trust for a term of years, with stated amounts of incomepayable to designated beneficiaries during the term and stated amounts payableto designated beneficiaries upon termination of the trust, such designatedbeneficiaries shall be deemed to be specific legatees and devisees and thosetaking the remaining income of the trust and, at the end of the term, theremaining principal shall be deemed to be residuary legatees or devisees whowould take under the paper‑writing if the incompetent diedcontemporaneously with the signing of the order of approval of such gifts. Inno case shall any prospective executor or trustee be considered either aspecific or residuary legatee or devisee. (1963, c. 113, s. 3; 1987, c.550, s. 6.)