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197 N.C. 40

147 S.E 680

Paschal v. . Paschal

Supreme Court of North Carolina

Decided April 10, 1929

Supreme Court of North Carolina · decided 1929-04-10

Cited by 1 later decisions — most recently December 1948

1 state decisions

Good law ✅— No negative treatment on recordhow we know

Decided 1929-04-10

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Stacy, C. J.

¶1 The transaction between the deceased and her son, relative to the insurance policy in question, seems to have been a joint enterprise. Some of the premiums were paid by the parent, some by the child. Both benefited thereby. We think the trial court correctly held that such payments on the part of the mother, under the fact situation disclosed by the record, could not be regarded as gifts or advancements to the son.

¶2 An advancement may be defined as a gift in prcesenti or provision made by a parent on behalf of a child for the purpose of advancing said *41 child in life, and thus to enable him to anticipate his inheritance to the extent of such advancement. C. S., 1654, rule 2; Lunsford v. Yarbrough, 189 N. C., 476, 127 S. E., 426; Nobles v. Davenport, 183 N. C., 207, 111 S. E., 180; Thompson v. Smith, 160 N. C., 256, 75 S. E., 1010; Kyle v. Conrad, 25 W. Va., p. 774.

¶3 Affirmed.

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