NC General Statutes

N.C. Gen. Stat. § 29-24 (2026)

Presumption of gift

✓ current as of July 2026

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A gratuitous inter vivos transfer is presumed to be an absolute gift and not an advancement unless shown to be an advancement. (1959, c. 879, s. 1.)

Notes of Decisions

Cited in 2 cases, 1972–2008 · leading case: Snyder v. Duncan, 663 S.E.2d 13 (N.C. Ct. App. 2008).

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Snyder v. Duncan, 663 S.E.2d 13 (N.C. Ct. App. 2008). · cites it 2× “" N.C. Gen. Stat. § 29-24 (2005). [3] "Whether a gift is an advancement depends on the intention of the parent at the time the gift is made.”

Lassiter v. Lassiter, 190 S.E.2d 283 (N.C. Ct. App. 1972). “” G.S. 29-24. Plaintiffs offered evidence by way of testimony from Claudie W.”

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