A gratuitous inter vivos transfer is presumed to be an absolute gift and not an advancement unless shown to be an advancement.
N.C. Gen. Stat. § 29-24
Presumption of gift
Applied in 1 court decision — leading case 191 N.C. App. 399 - Snyder v. Duncan (2008)
Most recently applied in 191 N.C. App. 399 - Snyder v. Duncan (July 2008)
1959, c. 879, s. 1.
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.