If a power holder exercises a power of appointment in a disposition that also disposes of property the power holder owns, the owned property and the appointive property must be allocated in the permissible manner that best carries out the power holder's intent.
N.C. Gen. Stat. § 31D-3-308
Selective allocation doctrine
Applied in 1 court decision — leading case In re Robert L. McDowell Revocable Trust (2017)
Most recently applied in In re Robert L. McDowell Revocable Trust (May 2017)
2015-205, s. 3(a).
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.