The relevance of parity and time reversal (PT)-symmetric structures in optical systems has been known for some time with the correspondence existing between the Schrödinger equation and the paraxial equation of diffraction, where the time parameter represents the propagating distance and the refractive index acts as the complex potential. In this paper, we systematically analyze a normalized form of the nonlinear Schrödinger system with two new families of PT-symmetric potentials in the presence of competing nonlinearities. We generate a class of localized eigenmodes and carry out a linear stability analysis on the solutions. In particular, we find an interesting feature of bifurcation characterized by the parameter of perturbative growth rate passing through zero, where a transition to imaginary eigenvalues occurs. © Czech Technical University in Prague, 2014.