Explore our informative articles, insights, and updates focused on North Carolina Estate Administration, Estate Planning, Partition Actions, and Surplus Fund cases. Our goal is to make these complex topics accessible, offering you guidance and understanding at each step of the legal process. Whether you’re looking to navigate probate administration, protect your assets through careful planning, understand partition actions, or resolve issues with surplus funds, our articles are designed to empower you with practical advice, legal insights, and actionable steps. Stay informed and feel confident as you make decisions about your estate and legal matters.
FAQ 1: Do I Need to Probate My House if My Spouse Dies and We Owned It Jointly in North Carolina? Answer: When a loved one passes away, figuring out what to do with jointly owned property can be confusing. In North Carolina, the way you and your spouse owned property together affects whether you…
North Carolina Probate Lawyer: Your Complete Guide to Navigating Probate and Estate Administration If you have recently lost a loved one or are preparing for the future, you might be concerned about the legal process known as probate. Probate in North Carolina involves several steps to ensure that a deceased person’s affairs are handled legally…
What Happens If the Deceased Did Not Leave a Will in North Carolina? When someone passes away without a will, they are considered to have died intestate. In North Carolina, intestate succession laws govern how the deceased’s assets will be distributed among heirs. Understanding this process is crucial for families navigating probate without a will.…
What Can I Do If I Suspect the Executor Is Mismanaging the Estate in North Carolina? The loss of a loved one in Cumberland County is already a challenging time, and dealing with the administration of their estate can add additional stress. If you suspect that the executor (also known as the personal representative) is…
Frequently Asked Questions About Probate Administration in North Carolina 1. What Is Probate and When Is It Necessary in North Carolina? Probate is the legal process of administering a deceased person’s estate, including verifying any wills, appointing an executor, and distributing assets to beneficiaries. In North Carolina, probate is necessary to settle the decedent’s financial…
What Happens When a Non-Resident Dies Owning Property in North Carolina? When an individual who resides outside of North Carolina passes away owning real property within the state, specific legal procedures must be followed to properly administer and transfer that property. Understanding how North Carolina handles such situations is crucial for heirs and administrators alike.…
Do I Need a Probate Attorney to Handle a Small Estate in North Carolina as an Executor? In North Carolina, the probate process can be complex, especially when emotions are high after the loss of a loved one. If you are named as the executor of a small estate, you might wonder whether you need…
Can an Estate Administrator Sell Property Without the Consent of All Heirs in North Carolina? Answer: In North Carolina, particularly in areas like Catawba County, estate administration demands a clear understanding of state laws governing property sales. An estate administrator does not have unilateral authority to sell real property without the consent of all heirs…
What Are My Child’s Rights to Inherit in North Carolina When Their Parent Dies Without a Will? Answer: When a parent passes away without a will in North Carolina, they are considered to have died intestate. Under North Carolina’s intestacy laws, the deceased’s assets are distributed according to state statutes to their closest relatives. In…
Frequently Asked Questions About Transferring a Deceased Parent’s Car in North Carolina 1. How Can I Transfer a Deceased Parent’s Car into My Name in North Carolina? Answer: Transferring a deceased parent’s car into your name in North Carolina requires you to navigate the probate process to legally change the vehicle’s ownership. The probate process…
How Do I Complete the Affidavit of Collection, Disbursement, and Distribution for a Small Estate in North Carolina? As the personal representative of an estate in North Carolina, you may be required to complete the Affidavit of Collection, Disbursement, and Distribution, especially if handling a small estate. This affidavit is essential in finalizing the administration…
How Can I Be Appointed as Administrator of My Deceased Spouse’s Estate in North Carolina? Losing a spouse is a challenging and emotional time, and dealing with the legalities of estate administration can add to the stress. If your spouse passed away without a will (intestate), you may need to be appointed as the administrator…
What Are the Responsibilities and Deadlines for an Executor in North Carolina Probate? Answer: Being appointed as an executor in North Carolina is a significant responsibility that involves managing the estate of a deceased person according to state laws and the terms of the will. Understanding your duties and the critical deadlines is essential to…
What Should I Do If I Can’t Find My Loved One’s Will in North Carolina? Losing a loved one is already a challenging time, and not being able to locate their will can add additional stress and uncertainty. In North Carolina, probate proceedings can be initiated even if the will cannot be found. This situation…
How Can I Contest a Will in North Carolina? Contesting a will in North Carolina is a legal process that allows an interested party to challenge the validity of a deceased person’s will. If you believe that a will does not reflect the true intentions of the deceased, or if there were issues with how…
Can a Sibling Be Appointed as Administrator Over a Spouse’s Estate in North Carolina? In North Carolina, when an individual dies without a will (intestate), the court appoints an administrator to handle the estate’s affairs. The appointment of an administrator is governed by N.C. Gen. Stat. §28A-4-1, which sets forth the priority of persons entitled…
How Can I Access a Will if the Executor Refuses to Produce It in North Carolina? When a loved one passes away, accessing their will is crucial to understanding their final wishes and initiating the probate process. In North Carolina, if the executor is withholding the will or refuses to produce it, beneficiaries and heirs…
How Can I Transfer Property Ownership in North Carolina After My Spouse Dies Without a Will? Losing a spouse is an emotionally challenging time, and dealing with property ownership issues can add stress, especially if your spouse passed away without a will. In North Carolina, transferring property ownership under these circumstances involves understanding intestate succession…
1. How Can I Obtain Bank Records of a Deceased Person in North Carolina? When administering an estate in North Carolina, accessing the deceased person’s bank records and signature cards is a crucial step. These documents help establish the decedent’s assets, verify account ownership, and ensure proper distribution to beneficiaries. Here’s a comprehensive guide on…
Frequently Asked Questions About Probate Administration in North Carolina How Do I Probate a Will When the Primary Beneficiary Has Passed Away? Inheritance can be a complicated matter, especially when the person named to receive the bulk of someone’s assets passes away before the will-maker (also known as the testator). This scenario can raise many…
How Does Probate Handle an Unwitnessed or Defective Wills in North Carolina? When attempting to probate a will in North Carolina, strict statutory requirements must be met for the will to be considered valid. One such requirement is the proper execution and witnessing of the will. According to North Carolina General Statutes § 31-3.3, a…
How Do I Prepare the Initial Filing in an Estate Administration Case? Estate administration can feel overwhelming for those who have lost a loved one or find themselves tasked with managing someone’s affairs. If you have never been through the probate process, you might wonder what is involved and how a North Carolina probate lawyer…
What is the Annual Accounting in NC Probate Process, and Why is it Important? Introduction Navigating probate in North Carolina involves strict rules and detailed procedures. One key responsibility is the annual accounting, which a personal representative must file when an estate stays open for more than a year. This accounting records what has happened…
North Carolina AOC Form E-200: A Practical Guide for Renunciation of Right to Qualify If you have been named an executor or administrator in a loved one’s estate, you might feel a sense of responsibility. You want to manage the estate properly. However, circumstances sometimes make it impossible or impractical for you to serve. This…
North Carolina Probate Lawyer: How to Remove an Executor in North Carolina Introduction Do you suspect the executor of an estate is mismanaging assets, violating fiduciary duties, or otherwise failing in their responsibilities? Removing an executor in North Carolina can feel complicated, but the law provides clear paths to protect beneficiaries and other interested parties.…
FAQ1: What Can I Do If the Executor Won’t Produce the Will in North Carolina? When a loved one passes away, accessing their will is crucial to understanding their final wishes and administering their estate. In North Carolina, if the executor named in the will refuses to produce or file the will for probate, beneficiaries…
Probate Frequently Asked Questions (FAQs) in North Carolina FAQ: What If Someone Is Not Named in the Will Believes They Have Rights to the Estate Based on Other Documents? Many people learn about a loved one’s will only to discover they are not named as a beneficiary. If you believe you have a rightful claim…
Frequently Asked Questions About Probate Administration in North Carolina 1. Do I Need a Probate Attorney to Handle an Estate with Real Property in North Carolina? Answer: In North Carolina, the probate process can be complex, especially when real property (real estate) is involved. While it’s legally possible to handle probate without an attorney, hiring…
Frequently Asked Questions: Probate Administration in North Carolina What is Probate and When is it Necessary in North Carolina? Probate is the legal process through which a deceased person’s assets are distributed. In North Carolina, probate is necessary to administer the decedent’s estate, pay any outstanding debts, and distribute the remaining assets to heirs or…
Frequently Asked Questions About Estate and Probate Issues in North Carolina If you’re dealing with estate and probate matters, these FAQs provide comprehensive insights. For personalized legal support, reach out to Pierce Law Group at intake@piercelaw.com or call (919) 341-7055. How Can I Challenge the Validity of an Illegitimate Heir’s Estate Claim? If you believe…
What Is the Process for Removing an Executor in North Carolina Probate? The process for removing an executor in North Carolina probate depends on the circumstances and the grounds for removal. There are two primary procedures: revocation after a hearing and summary revocation. Revocation After a Hearing This process is initiated either by the clerk’s…
North Carolina Probate Lawyer: Understanding Standstill Orders in Elective Share Cases Introduction Are you seeking clarity on how standstill orders impact elective share cases in North Carolina? The rules surrounding estates, probate, and inheritances can be complex. When a loved one passes away, surviving family members often navigate many legal processes, including probate and the…
Frequently Asked Questions About Probate Administration in North Carolina 1. What is Probate and When is it Necessary in North Carolina? Probate is the legal process of administering a deceased person’s estate, including verifying any wills, appointing an executor, and distributing assets to beneficiaries. In North Carolina, probate is necessary to settle the decedent’s financial…
North Carolina Probate Lawyer: A Comprehensive Guide to Upset Bids and Estate Property Sales What Is Probate in North Carolina? Probate is the legal procedure that oversees the distribution of a deceased individual’s assets. It confirms the validity of the will, if one exists, and appoints a personal representative (often an executor or administrator) to…
Frequently Asked Questions About Probate Administration in North Carolina If you are navigating the complex world of probate in North Carolina, this FAQ aims to provide clear and helpful answers to your questions. Please reach out to Pierce Law Group by emailing intake@piercelaw.com or calling (919) 341-7055 for more personalized assistance. What happens if the…
North Carolina Probate Lawyer: Elective Share Petitions and Jurisdiction Understanding the Elective Share in North Carolina North Carolina law recognizes that a surviving spouse deserves some portion of the deceased spouse’s estate. Even if the will attempts to leave the surviving spouse with little or nothing, the law provides protection known as the elective share.…
Frequently Asked Questions about Probate and Property Partition in North Carolina 1. How is transparency maintained in attorney billing for probate administration in North Carolina? Answer: Transparency in billing is crucial for maintaining trust between a client and their attorney, especially in probate administration. At Pierce Law Group, it is standard for attorneys to provide…
North Carolina’s Elective Share Statute’s History and Purpose Why the Elective Share Statute Matters The elective share statute in North Carolina matters because it prevents a surviving spouse from being left with nothing after the death of their partner. Without this legal protection, an individual could potentially lose access to the assets they helped build…
Elective Share in North Carolina – Understanding Its Purpose and the Process. An elective share is a legal right in North Carolina that allows a surviving spouse to claim a portion of their deceased spouse’s estate, even if the deceased spouse’s will leaves them little or nothing. This right aims to prevent a spouse from…
Understanding Elective Share Cases in North Carolina Featured Snippet Answer: In North Carolina, an elective share is a legal right that allows a surviving spouse to claim a specific portion of their deceased spouse’s estate, even if the will leaves them with little or nothing. This safeguard ensures that the surviving spouse receives a minimum…
Frequently Asked Questions About Probate Administration in North Carolina How Can I Change My Guardianship Appointment to Handle a Minor’s Inheritance in North Carolina? If you’re currently a general guardian in North Carolina, and you seek to manage a minor’s estate or trust, you’ll need to apply for the role of guardian of the estate.…
How does North Carolina law treat illegitimate children in intestate succession? How North Carolina Law Views Adopted Children in Inheritance Families come in many forms. Adoption is a wonderful way to grow a family, but the question often arises: How do inheritance laws treat adopted children? Fortunately, North Carolina law aims to treat adopted…
Can I Renounce an Inheritance or a Gift Made in a Will? Understanding the Probate Process in North Carolina Probate is the legal procedure through which a deceased person’s property is collected, valued, and eventually transferred to the rightful heirs or beneficiaries. North Carolina’s probate system ensures that estates are administered according to the decedent’s…
What is the Timeline for Becoming the Personal Representative of an Estate? Understanding the North Carolina Probate Process Probate in North Carolina involves overseeing the settlement of a deceased individual’s estate. This process includes confirming the validity of the will, identifying assets, paying outstanding debts, and distributing inheritances. While it may sound straightforward, probate often…
What Evidence Can be Used to Prove a Decedent’s Death? Why Proof of Death Matters in Probate Before the clerk of court can grant letters testamentary (for estates with a will) or letters of administration (for estates without a will), they must confirm that the person in question is indeed deceased. Without adequate proof of…
North Carolina Probate Lawyer: A Comprehensive Guide to the Application for Probate and Letters Testamentary Introduction Navigating the probate process in North Carolina can feel overwhelming, especially if you have never experienced it before. After a loved one passes, family members and beneficiaries must settle the decedent’s estate according to state law and the terms…
North Carolina Probate Administration: Frequently Asked Questions 1. How Do I Probate a Will in North Carolina? Probating a will in North Carolina can seem daunting, especially during a stressful time. The primary objective is to legally validate the deceased’s will with the court, granting the executor authority to distribute the estate per the will’s…
How Do I Contest A Personal Representative’s Appointment? When someone passes away, their property, finances, and personal possessions need proper handling. In North Carolina, this process often involves probate, estate administration, and sometimes disputes over a personal representative’s appointment. Hiring an experienced estate lawyer in North Carolina helps you navigate these complex matters. They offer…
North Carolina Probate Lawyer: How to Navigate the Probate Process and Handle a Lost Will What Is Probate in North Carolina? Probate is the legal process of validating a deceased individual’s will, distributing their assets, and settling any outstanding debts. In North Carolina, probate takes place under the supervision of the clerk of superior court.…
Roles and Responsibilities of Personal Representatives in Probate When you need guidance through the complex process of settling a loved one’s estate, an estate lawyer in North Carolina can help. Estate lawyers focus on wills, trusts, probate, and other legal matters related to a decedent’s assets. They ensure all steps follow state laws and that…
Frequently Asked Questions on Probate Administration in North Carolina How Do You Open Probate in North Carolina? To open probate in North Carolina, you must first file a petition with the Clerk of Superior Court in the county where the deceased owned property (§ 28A-2-1). You will need to submit the decedent’s death certificate, and…
FAQs on Estate and Probate Administration in North Carolina What If I Discover My Biological Parent After the Estate Has Been Settled? Discovering a biological parent after their estate has been settled can be an emotional experience and may raise questions about your legal rights. In North Carolina, if an estate has already been distributed,…
Frequently Asked Questions About Probate in North Carolina Welcome to Pierce Law Group’s FAQ section where we address common concerns regarding probate administration in North Carolina. Our answers aim to provide clarity and guide you through the probate process with confidence. 1. Do I Have to Open a Probate Estate if I’m the Surviving Spouse?…
Understanding Summary Revocation of a Personal Representative’s Letters in North Carolina Probate When managing an estate in North Carolina, a personal representative (PR) plays a vital role in ensuring the proper administration of assets. However, there are specific situations where a PR’s authority, granted through letters of administration or testamentary letters, can be summarily revoked…
Procedures for Revoking a Personal Representative’s Letters in North Carolina In North Carolina, the clerk of superior court has the authority to revoke the letters of a Personal Representative (PR) when specific circumstances arise. These actions ensure the proper administration of an estate and protect its beneficiaries and creditors. This blog explains the procedures for…
A Step-by-Step Guide to Resigning as the Personal Representative In North Carolina, personal representatives (PRs) are responsible for managing the administration of an estate. However, situations may arise where a PR wishes to resign from their duties. This blog post provides a step-by-step guide to the procedures for a PR’s resignation in North Carolina. For…
Grounds for Revoking a Personal Representative’s Letters in North Carolina When handling the administration of an estate in North Carolina, appointing a qualified and trustworthy personal representative (PR) is essential. However, circumstances can arise where the clerk of court must revoke a PR’s letters of appointment. Below, we outline the comprehensive grounds for revoking a…
Frequently Asked Questions About Probate Administration 1. What Happens When Someone Dies Without a Will in North Carolina? When an individual in North Carolina passes away without a will, they are said to have died “intestate.” The distribution of their assets will be governed by the state’s intestate succession laws. In general, North Carolina General…
Understanding the Order of Confirmation in Partition Proceedings in North Carolina Partition proceedings are legal actions to divide property owned jointly by co-tenants when they cannot agree on how to split it. A critical step in this process is the Order of Confirmation, issued by the Clerk of Superior Court. This order represents the final…
Outcomes of a Hearing on Exceptions to the Commissioners’ Report in a North Carolina Partition Proceeding In a partition proceeding, the commissioners are tasked with dividing co-owned property fairly and equitably among the co-tenants. When exceptions to the commissioners’ report are filed, a hearing is held before the Clerk of Superior Court to address these…
North Carolina Probate Administration FAQs Welcome to our comprehensive FAQ guide on probate administration in North Carolina. Find expert answers and guidance from Pierce Law Group. What Role Do Executors or Administrators Play in North Carolina Probate? Executors and Administrators in North Carolina Probate When managing a deceased person’s estate in North Carolina, the roles…
North Carolina Probate Administration FAQs Welcome to our comprehensive FAQ guide on probate administration in North Carolina. Find expert answers and guidance from Pierce Law Group. What Happens When There is No Will in North Carolina? When someone dies without a will in North Carolina, their estate is classified as intestate, meaning that state law…
Filing and Reviewing Exceptions to the Commissioners’ Report in Partition Proceedings Partition proceedings can be a complex legal process for co-tenants sharing property. When commissioners submit a report detailing the proposed property division, co-tenants have a crucial opportunity to file exceptions within a specific timeframe to ensure the division is fair and accurate. This blog…
The Commissioners’ Report in Actual Partition Proceedings In North Carolina, partition proceedings involving the physical division of property, known as actual partition, are intricate processes that demand precision and fairness. A crucial aspect of these proceedings is the commissioners’ report, which outlines the proposed division of property. This document not only reflects the commissioners’ efforts…
Commissioners in North Carolina Partition Actions: What You Need to Know Partition actions in North Carolina often require the appointment of commissioners to ensure the fair division or sale of real property. These commissioners play a critical role in upholding impartiality and ensuring the process adheres to legal standards. If you are involved in a…
A Complete Guide to the Procedures for Actual Partition in North Carolina In North Carolina, actual partition, also known as partition in kind, is the preferred method of dividing co-owned property. This process physically divides the property among the co-owners, avoiding a forced sale that could infringe on an owner’s rights. However, actual partition is…
A Comprehensive Guide to Initiating a Partition Proceeding in North Carolina Partition proceedings in North Carolina are legal actions initiated by co-owners of real property who want to divide their ownership interests. These proceedings can result in either a physical division of the property (partition in kind) or a sale of the property with proceeds…
Understanding Partition Actions in North Carolina Co-owning property with others can be challenging. Disagreements about how the property should be used, maintained, or divided often arise. In North Carolina, when co-owners cannot reach an agreement, they can turn to the legal process of partition. Partition is a way to divide property among co-owners, and it…
Filing a Will for Safekeeping in North Carolina: A Step-by-Step Guide If you’re planning your estate, securing your will is an essential step. In North Carolina, you can file your will for safekeeping with the clerk of superior court in your county. This guide will walk you through the process, explain why it’s important, and…
FAQs About North Carolina Probate and Estate Planning 1. How Is Property Owned as “Tenants in Common” Affected by Probate? Property ownership has a significant impact on how assets are managed during the probate process. In North Carolina, property held as “tenants in common” is treated differently from other forms of ownership, making it essential…
Frequently Asked Probate Questions in North Carolina FAQ 1: What is a Small Estate Procedure in North Carolina? Understanding how small estates work in North Carolina can save time and money for families managing a loved one’s affairs. This guide covers the key exceptions to formal estate administration under North Carolina law, focusing on the…
Probate Administration in North Carolina: Frequently Asked Questions 1. How is Property Distributed Without a Will in North Carolina? When someone passes away without a valid will in North Carolina, their property is distributed according to the state’s intestate succession laws. These laws provide a structured process for determining how assets are passed down to…
Frequently Asked Questions: Probate Administration in North Carolina 1. What Happens If the Named Executors in a Will Are Deceased? When someone creates a will, they typically designate an executor to manage their estate and carry out their final wishes. But life can be unpredictable, and sometimes the named executor predeceases the testator (the person…
Understanding Complexity in Surplus Funds Recovery Cases Surplus funds recovery cases often arise after foreclosure proceedings, when the amount obtained from selling a foreclosed property exceeds the outstanding mortgage debt. While this surplus may seem straightforward to claim, various factors can complicate the recovery process, creating challenges for claimants and legal professionals alike. This article…
Frequently Asked Questions: Understanding Probate Administration in North Carolina What is a Surety Bond in Probate Administration? Answer: A surety bond is a crucial element of probate administration in North Carolina, acting as a safety net to protect the estate’s assets and ensure the personal representative (PR) fulfills their duties. This article provides detailed information about…
Frequently Asked Questions – Probate Administration in North Carolina 1. What is a Surplus Funds Case in North Carolina? In North Carolina, a surplus funds case arises when a foreclosure sale results in funds exceeding the debts owed by the property owner. These funds, known as “surplus funds,” are held by the clerk of court…
Frequently Asked Questions about Probate Administration in North Carolina 1. How does the ownership of real estate between spouses get handled during probate? Answer: In North Carolina, real estate ownership between spouses can often be held as “tenants by the entirety.” This means both spouses are treated as a single legal entity regarding property ownership.…
FAQs on Probate and Partition Actions in North Carolina What is a Partition Action in North Carolina? Inheriting property with multiple owners can be complicated. If you find yourself sharing ownership of real estate and disagree with your co-owners about what to do with it, a legal solution exists: a partition action. This article explores…
Frequently Asked Questions: Probate Administration in North Carolina What Happens When a Loved One Dies Without a Will in North Carolina? When a person passes away without a will, they are considered to have died “intestate.” In North Carolina, the state’s intestacy laws determine how the deceased’s assets will be distributed. Typically, the intestate succession…
Frequently Asked Questions about Probate Law in North Carolina FAQ: What is the Role of an Administrator vs. Executor in North Carolina Probates? The terms “executor” and “administrator” refer to the personal representative (PR) of a decedent’s estate. Both are fiduciaries who carry out estate administration. The main difference lies in how they are appointed…
Frequently Asked Questions about Probate Administration in North Carolina What Should I Do if My Parents Passed Away Without a Will in North Carolina? When a loved one passes away without leaving a will, it can be overwhelming to understand how to manage and distribute their estate. In North Carolina, this situation is known as…
FAQ: What Are the Responsibilities of an Executor in North Carolina? Responsibilities of an Executor in North Carolina An executor plays a crucial role in the administration of an estate in North Carolina. Their responsibilities are far-reaching and require diligence, organization, and a good understanding of the legal requirements outlined in Chapter 28A of the…
FAQ: How Can We Expedite Estate Administration in North Carolina? Understanding Estate Administration Timelines Administering an estate quickly in North Carolina requires organized and efficient action, especially when dealing with potential foreclosure issues. The law requires opening an estate before selling any real estate or distributing assets. To help expedite this process: File necessary court…
What is the Final Accounting in NC Probate Process, and Why is it Important? Probate can be a complex and emotion-laden process, especially when family relationships and financial distributions are involved. A critical component of completing a probate case in North Carolina is the final accounting. But what exactly does this entail? Understanding Final Accounting…
What is a Holographic Will in North Carolina? When preparing for the distribution of assets after death, many individuals choose to create a last will and testament. While the most common type of will is an attested written will, requiring preparation in writing, the testator’s signature, and witnessing by at least two competent individuals, North…
Frequently Asked Questions About Probate and Life Insurance in North Carolina What Are My Inheritance Rights If I Separated But Did Not Divorce My Spouse? While a separation might feel like the end of a marriage, the law doesn’t see it that way until there’s a final divorce decree. This means a separated spouse in…
Frequently Asked Questions about Probate and Estate Administration in NC How Does Divorce Affect My Estate Planning Documents? The intersection of divorce and estate planning documents is a significant concern, especially in North Carolina, where these issues can significantly affect the administration of your estate. Whether you are considering divorce or are already in the…
Frequently Asked Questions about North Carolina Probate Can I Petition For Removal of an Executor from an Estate in North Carolina? Serving as the executor of an estate is a significant responsibility. The executor is entrusted with carrying out the wishes outlined in the will and managing the estate’s assets for the benefit of the…
Probate FAQ: Filing and Contesting Wills in North Carolina How Do I File As An Executor If I Have the Will? If you have been named as the executor in a will in North Carolina, you will need to file the will with the clerk of superior court in the county where the decedent resided…
Frequently Asked Questions: North Carolina Probate Administration What Are the Responsibilities of an Executor in Probate Administration in North Carolina? Estate administration is the legal process of collecting, settling, and distributing a deceased person’s property. This process is often referred to as probate. When a person dies with a valid will, they are said to…
FAQs on Probate and Estate Administration in North Carolina North Carolina Intestate Succession: What Happens When There is No Will? If someone passes away without a will in North Carolina, their estate is handled through a legal process called intestate succession. Understanding how this works is crucial for families to ensure a smooth legal process…
FAQs on Probate and Estate Administration in North Carolina Can I Use a Small Estate Affidavit for a Life Insurance Policy in North Carolina? Navigating the probate process can be daunting, especially when you’re handling out-of-state affairs from North Carolina. Many wonder if a small estate affidavit is permissible for claiming a life insurance policy.…
Frequently Asked Questions about Probate and Estate Administration in NC What Happens if My Parent Dies Without a Will in North Carolina? When a person passes away without a will in North Carolina, they are said to have died intestate. In such cases, North Carolina’s intestate succession laws determine how the deceased’s assets are distributed…
FAQ: What If A Family Member is Attempting to Force the Sale of Inherited Property in NC? What is a Partition Action in North Carolina? A partition action is a legal proceeding used in North Carolina to resolve disputes between joint owners of real estate who cannot agree on what to do with the property.…
Frequently Asked Questions about North Carolina Probate Administration How Do I Change the Name on a Deed After a Spouse’s Passing? When a spouse passes away, many people find themselves needing to update property deeds to reflect ownership changes. If your spouse did not leave a will and the property is solely in their name…
What Should I Do with an Estate Bank Account If the Executor Dies in North Carolina? When an executor overseeing an estate in North Carolina passes away, it raises immediate questions about the handling of estate bank accounts and other assets. The role of the executor (or personal representative) is essential in probate, as they…
Frequently Asked Questions about Probate and Estate Administration in NC What Steps Should I Take if I Discover Assets After an Estate Has Closed in North Carolina? Discovering assets after an estate is officially closed can be a challenging situation. In North Carolina, if new assets, such as a 401(k) or other investments, are discovered,…
What Should I Do if I Can’t Find the Will in North Carolina? When a loved one passes away, finding their will is often the first step in executing their estate plans. However, if the will cannot be located, certain immediate actions can help protect the estate and move forward with the probate process: Start…
Frequently Asked Questions about Probate and Estate Administration in NC What is the Role of a Power of Attorney in North Carolina’s Estate Matters? A Power of Attorney (POA) in North Carolina is an essential tool for managing the affairs of an individual, particularly when it involves aging parents or family members. It grants an…
Probate: ¿How long does it take? Probate is a complex and often misunderstood process involved in settling the estate of a deceased person. It ensures that assets are distributed in accordance with the deceased’s wishes and legal requirements. But, how long does it take? Well, we’ve seen probate cases get solved in under a year,…
Frequently Asked Questions about Probate and Estate Administration in NC What Does “Reading of the Will” Actually Mean in North Carolina? The phrase “reading of the will” often brings to mind dramatic scenes from movies where a lawyer gathers family members and heirs in a room to announce the contents of a deceased person’s will.…
Frequently Asked Questions about Probate and Estate Administration in NC How Can I Access a Safety Deposit Box for Probate in North Carolina Before Probate? In North Carolina, accessing a decedent’s safety deposit box is often a crucial step to locating important documents such as a will, insurance policies, or other critical financial records. However,…
Frequently Asked Questions about Probate and Estate Administration in NC How Can I Claim a Life Insurance Policy for a Minor Beneficiary? When a loved one passes away and leaves a life insurance policy in which a minor is a beneficiary, it can be crucial to understand the appropriate steps for claiming these benefits. Here’s…
Frequently Asked Questions about Probate and Estate Administration in NC How Do I Open an Estate in North Carolina After a Loved One Passes Away? Opening an estate in North Carolina involves several steps, which are particularly necessary when managing the assets of a deceased person. To begin, obtain the death certificate as this is…
Frequently Asked Questions about Probate and Estate Administration In North Carolina How Can Someone Be Removed as Power of Attorney? Power of attorney (POA) gives a person authority to make decisions on behalf of the principal. However, this authority can be revoked or changed under specific circumstances: The principal revokes the power of attorney. A…
When Should I Start Estate Planning? What comes to mind when you hear “estate planning”? You might think it’s just for the obscenely wealthy folk gracing Forbes covers. But it’s time we bust that myth. Estate planning, my friend, is something everyone needs. Even you! Let’s delve into the details of estate planning and explore…
Frequently Asked Questions about Probate and Estate Administration In North Carolina What is Probate and When is it Required in North Carolina? Probate is a legal process that occurs after someone passes away. It involves the court overseeing the distribution of the deceased person’s assets and the payment of any debts and taxes. In North…
What Is a Spousal Allowance in North Carolina Probate? When a loved one passes away, managing their estate and ensuring the family is taken care of can be overwhelming. One of the legal provisions designed to help surviving family members, particularly the spouse and dependent children, during this difficult time is known as a Spousal…
Common North Carolina Probate Issues Navigating the probate process in North Carolina can be a complex task. It involves legal procedures, paperwork, and often, emotional stress. This article aims to shed light on common probate issues in North Carolina. It provides an overview of the probate process and highlights the role of North Carolina probate…
Is Your Estate Plan as Stale as Last Week’s Ham Sandwich? Estate plans are almost magical: They allow you to maintain control of your assets, yet protect you should you become incapacitated. They take care of your family and pets. And, if carefully crafted, they reduce fees, taxes, stress, and time delays. Estate plans can…
Dear Estate Planning Clients: After arranging your accounts and property with an attorney, it is easy to assume that you have checked estate planning off of your list forever. The reality is not so simple. Not only do tax laws frequently change, but so does your life. The smallest change could have a big impact…
Estate planning—it is an incredibly important tool, not just for the uber wealthy or those thinking about retirement. On the contrary, estate planning is something every adult should do. Estate planning can help you accomplish any number of goals, including appointing guardians for minor children, choosing healthcare agents to make decisions for you should you…
Wealth Transfer Strategies to Consider in an Election Year With a push by the Democratic party to return federal estate taxes to their historic norms, taxpayers need to act now before Congress passes legislation that could adversely impact their estates. Currently, the federal estate and gift tax exemption is set at $11.58 million per taxpayer.…
Most people understand that having some sort of an estate plan is a good thing. However, many of us do not take the first steps to get that estate plan in place because we do not understand the nuances between a will and trust – and dying without either. Here is what will generally happen…
Buyer Beware: How to Avoid Estate Planning Scams Imagine spending thousands of dollars on an estate plan to protect loved ones, only to find that no true protection exists. Unfortunately, this scenario happens on a regular basis to individuals who are victims of estate planning schemes. According to a report conducted by the U.S. Consumer…
Confused about the differences between a will and a trust? If so, you are not alone. While it is always wise to contact experts like us, it is also important to understand the basics. Here is a quick and simple reference guide: What a Revocable Living Trust Can Do – That a Will Cannot Avoid…
Three Reasons Why People Run the Other Way It can be hard to get motivated about your estate planning; it sounds about as fun as getting a root canal. However, you also probably want to make sure that your loved ones are protected and receive your hard-earned money and property – regardless of whether you…
Seven Ways to Avoid Family Fights over Your Property Ask a group of friends if they have experienced a family fight over property after a loved one has died, and you will be in for a lively and eye-opening conversation. Far too many families end up fighting, or at least experiencing tension, over a family…
Help! I’ve Been Named as a Guardian. What Do I Do? A guardian is an individual who cares for someone, often a minor child, who needs special protection. Parents can nominate a guardian in their will, but typically a court must confirm and officially appoint the guardian after both parents have passed away. Sometimes the…
Planning for Stepchildren and Grandchildren Family structures are changing more and more each day in the US, and your estate planning considerations should be changing with them. Blended families should have different priorities and have other considerations to make in the estate planning process. For example, if you remarry and your new spouse already has…
Our Estate Planning Team is Growing, Again! We are very pleased to announce that our team is growing! This month, Attorney David Scott Russ has joined us as an Estate Planning and Probate Attorney at Pierce Law Group. Scott grew up in eastern North Carolina, spending the weekends at the beach with his family.…
Do you have the right players on your team? Estate planning is not just about what happens to your stuff when you die. It is about coordinating all aspects of your life so (i) you can be taken care of during times when you are unable to care for yourself, and (ii) your money and…
Can or Should I Hand Write My Will? Durham Estate Planning Lawyers What is a Holographic Will? A Holographic Will is simply a fancy name for a Will that has been handwritten by the testator (the person that the Will is for). What is required for a handwritten Will to be legally recognized? There are…
We All Need a Yearly Check-up: Your Estate Plan Does Too We go to the doctor to get our check-up’s just to make sure that we are in good health and to detect and treat any problems that we may not even have been aware of. These are the very same reasons why it is…
Your Time is Valuable. Let us help you get a jump start on Estate Planning. In the hustle and bustle of life, many of us struggle with prioritizing what tasks to complete and when. I often find myself avoiding those personal tasks that I know are important (but are not currently pressing) in favor of…
Charitable Giving in Your Estate Plan- Durham Estate Planning Lawyer When you think about Estate Planning your mind may jump to thinking about which family members will inherit your assets. But have you considered the option of leaving something behind for a charity or organization that you are passionate about? There are many reasons you…
You’ve Taken Care Of Others, But Have You Taken Care of Yourself? Evenings, weekends, holidays, and all of the hours in between you endure working continuously day in and day out to protect our loved ones and keep us safe. You take time away from your loved ones to care for the most vulnerable population…
A mother’s work is never done… As a mom, you are there for your loved ones no matter what. You’ve been there for your children from the moment they were born, making sure their every need was met. You work late hours to provide for the family. You keep flipping the next load of laundry,…
What Happens When You Die Without A Will? Durham Estate Planning Lawyers You’ve probably heard of the horror stories of some friend or family member dying without a will….do you know what happens if you decide to let planning for the future fall by the wayside? In short, the State of North Carolina decides how…
Estate Planning Has Never Been More Imperative As unfortunate as it is to say, the pandemic COVID-19 has brought the reality of potential death and illness to the forefront of everyone’s minds. That being said, if you’ve been putting off preparing an Estate Plan, Will or Trust, it is IMPERATIVE that you consider the consequences……
Crisis Resource List – COVID-19 A List of Local Businesses Still Operating During the COVID-19 As the coronavirus continues to disrupt daily life and leave Americans uncertain of the future, you don’t have to feel helpless during this pandemic. In fact, now is a great time to be proactive and connect with local businesses that…
Join Us For Our First Coronavirus Quarantine Video Chat Happy Hour! Quarantine and social distancing got you down? Are you feeling the need to socialize again? Well, we’ve got your back! While I imagine the four walls of your house have been incredibly fun to stare at for the past couple of weeks, it’s time…
Durham Estate Planning Lawyer – Estate Planning In NC with Bitcoin Audio Transcript: Estate Planning with Bitcoin 2020 Presentation Attorney Koenig: All right. So, I am glad to be here and you will be too. I expect that probably half of you are here because you think Bitcoin is the stupidest idea in the world.…
Leveraging our unique circumstances to answer your questions There are a couple of different ways to go about handling the Coronavirus pandemic and the unique uncharacteristic situations it puts us in — 1) sit in your house and watch Netflix until the end of time 2) eat all of your quarantine snacks in 30 minutes…
Pierce Law Group – Open and Ready for Duty Following the updates from the federal, state and local government, we are adapting our operations to continue to provide our clients and vendors the service that they have come to rely upon. Moving forward, our office will remain open as our team of estate planning, elder law,…
Quarantined? Got a legal question? Get some coffee and answers from our experienced team of attorneys during this live Q&A Session U N C E R T A I N T Y– That is really what’s killing us in these difficult times, isn’t it? The whispers of information that we will never truly be able…
COVID-19 Announcement: Emergency Pro Bono Legal Services to Protect At-Risk Individuals You’ve likely heard about the coronavirus on the news or at least have seen it all over the headlines. It’s often hard to determine the severity of situations like these based on what you hear on the news, but what we do know is…
Pierce Law Group Attorney Named 2020 Super Lawyer Pierce Law Group is pleased to announce that our managing attorney and owner of the firm, Attorney Jared Pierce has been recognized in the annual ranking of North Carolina attorneys by Super Lawyers magazine. Fellow North Carolina attorneys and peer evaluations by practice area determine the recipients…
SECURE Act Workshop Audio and Transcript Learn strategies and legal tips from experienced estate planning attorney, Doug Koenig and guest speaker Joel Levy, CPA! This presentation was offered as a free, no-obligation, workshop designed to educate individuals and families about how the SECURE Act has impacted individual retirement accounts. This workshop covered important information about…
Trivia Night Result – “We’re all winners… well maybe not” The beginning of the year is always an extremely hectic time for our firm. That being said, last night we finally took the opportunity to slow down just for a little while and enjoy some time with each other, catching up, laughing, drinking a beer…
Announcement – Pierce Law Group’s Open House You’re not truly family until you’ve gone over to someone’s house… While I’m partly being humorous, I also sense that you know exactly what I’m talking about… Sure, going out to dinner with a friend is nice, and grabbing coffee together is great, but there is something different…
What to Expect From an Initial Estate Planning Meeting It doesn’t matter whether you have prepared an estate plan with an attorney before or whether this is your first time considering doing so, it is critical to fully understand how important a personal connection to your lawyer can be to your success. As I write…
Donating or Gifting Virtual Currency – North Carolina Bitcoin Lawyers If you are thinking of donating cryptocurrency to a charity, there are a few things you should consider. First, the charity you choose must be a 501(c)(3) organization approved by the IRS for tax-deductible donations, and second, you need to see if they accept cryptocurrency…
Fair Market Value – North Carolina Bitcoin Lawyer Determining the fair market value of cryptocurrency can prove to be a difficult task, especially for the ordinary taxpayer. The IRS Notice 2014-21 which classified virtual currency as property for federal tax purposes, specifically stated that taxpayers must report the fair market value of virtual currency as…
How Digital Currencies Are Changing the World – Bitcoin Lawyer The use of cryptocurrencies, and in particular, the technology which was created to implement them, has grown substantially in recent years. There has been a growing trend of acceptance of cryptocurrencies as a useful, legitimate payment mechanism, and the underlying decentralized public ledger technology has…
Overview – Cryptocurrency and United States Tax Law – North Carolina Bitcoin Lawyer In a March 25, 2014 notice, the United States Internal Revenue Services (“I.R.S.) described virtual currencies as “a digital representation of value that functions as a medium of exchange, a unit of account, and/or a store of value and does not have…
Frequently Asked Questions – North Carolina Bitcoin Lawyer Q: How is cryptocurrency treated by the Internal Revenue Service? A: Cryptocurrencies are currently considered property but the Internal Revenue Service. As such, general accounting and tax principles apply to cryptocurrency mining and transactions. The Interal Revenue Service’s definition of virtual currencies as property means that each…