N.C. Gen. Stat. § 36C-6-607
Modification or termination of a revocable trust
Redline — June 1, 2021 → current.View current text →
Current — April 1, 2022
As of June 1, 2021
(1) A revocable trust may be modified or terminated by the court pursuant to any of the methods for modification or termination of an irrevocable trust set forth in G.S. 36C-4-411(b) or (c), 36C-4-412, 36C-4-415, or 36C-4-416.
(1) A revocable trust may be modified or terminated by the court pursuant to any of the methods for modification or termination of an irrevocable trust set forth in G.S. 36C-4-411(b) or (c), 36C-4-412, 36C-4-415, or 36C-4-416.
(2) The settlor is a necessary party to any proceeding brought to modify or terminate a revocable trust.
(2) The settlor is a necessary party to any proceeding brought to modify or terminate a revocable trust.
History
(2007-106, s. 26.1.)
NORTH CAROLINA COMMENT (2007)
Effective October 1, 2007, this section, which is not a part of the Uniform Trust Code, provides that a revocable trust may be modified or terminated by court order pursuant to any of the methods set forth in Article 4 of Chapter 36C for modifying or terminating an irrevocable trust. There is no requirement that the settlor of the revocable trust must first be adjudicated or otherwise determined to be incompetent before a proceeding under this section may be maintained. The section also makes clear that the settlor is a necessary party to any proceeding brought under the section.
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.