What documents should I gather from the estate administration, will, or trust to help defend against a partition action? NC

What documents should I gather from the estate administration, will, or trust to help defend against a partition action? – North Carolina Short Answer In North Carolina, the most helpful documents to defend (or narrow) a partition case are the records that prove (1) who owns the property, (2) what percentage each person owns, and…

What happens to the non-signing co-owner’s share if the property is sold through a partition case? nc

What happens to the non-signing co-owner’s share if the property is sold through a partition case? – North Carolina Short Answer In North Carolina, a partition sale does not erase a co-owner’s ownership interest just because that person refused to sign. Instead, the court sale converts each co-owner’s interest in the land into a ratable…

Do I need receipts and statements to prove carrying costs and repairs, or can we settle using reasonable totals and estimates? nc

Do I need receipts and statements to prove carrying costs and repairs, or can we settle using reasonable totals and estimates? – North Carolina Short Answer In North Carolina partition cases, a co-owner who wants credit for mortgage payments, taxes, insurance, and repairs should expect to prove the amounts with documents whenever possible. Parties can…

What happens at the partition hearing if we’re close to a settlement but the paperwork or financing isn’t finalized yet? nc

What happens at the partition hearing if we’re close to a settlement but the paperwork or financing isn’t finalized yet? – North Carolina Short Answer In a North Carolina partition case, the hearing can still go forward even if the co-owners are close to a buyout settlement. If the settlement is not signed and ready…