Summary of the North Carolina Uniform Transfers to Minors Act and the Proposed North Carolina Uniform Custodial Trust Act

In the century since its organization in 1892, the National Conference of Commissioners on Uniform State Laws (the Conference ) has drafted and recommended laws for voluntary adoption in all states on many subjects in which uniformity is both desirable and practicable. Because of the increasing mobility of individuals, uniformity in the laws relating to the transfer of wealth is particularly important, and the Conference has embraced the laws of estates and probate for the promulgation of various uniform acts. This Article will highlight a pair of such uniform acts, one enacted in North Carolina and one proposed for enactment in North Carolina, which concern the transfer of wealth in connection with persons who are legally incapacitated, whether by age or mental condition. In addition, this Article will indicate the differences between the North Carolina legislation or proposed legislation and the official uniform act text