UPDATE: During the third extra session of 2018, the General Assembly passed House Bill 1025. It was signed by Governor Cooper and became law effective December 14, 2018. It is now Session Law 2018-142. The full text is available here. Senate Bill 778 did not pass.
UPDATE #2: Although SB 778 did not pass during the 2018 legislative session, Session Law 2019-178 incorporated identical provisions of SB 778 described in Sections A, C and D below. Session Law 2019-178 went into effect on July 26, 2019.
In all of the hustle and bustle of news related to the budget, you may have missed a bill filed that impacts law regarding estates and powers of attorney. Below are just some of the changes that would occur if Senate Bill 778 becomes law. You can follow along with the progress of this bill here. [Note, House Bill 1025 includes some of the changes in SB 778 related to powers of attorney as indicated below; HB 1025 does not include the living probate, estate administration, or electronic wills changes described in this post. You can follow along with the progress of HB 1025 here.] Continue Reading