Can a co-owner legally convert joint ownership into sole ownership without notifying the other owners?: North Carolina

Can a co-owner legally convert joint ownership into sole ownership without notifying the other owners? – North Carolina Short Answer No. In North Carolina, a co-owner of real estate (a tenant in common) can transfer only that person’s own undivided share unless every other co-owner consents or a court orders a partition. Recording a deed…

What rights do I have to protect my share of the estate when I suspect mismanagement by the personal representative?: North Carolina

What rights do I have to protect my share of the estate when I suspect mismanagement by the personal representative? – North Carolina Short Answer Under North Carolina law, an heir or beneficiary may demand a full inventory and accounting, object to any proposed final account, and ask the Clerk of Superior Court to compel…

How do I handle distribution of personal items and remaining assets under the will once the house is sold?: North Carolina

How do I handle distribution of personal items and remaining assets under the will once the house is sold? – North Carolina Short Answer In North Carolina, the executor distributes tangible personal items and any remaining assets according to the will after paying valid estate expenses and claims. If the estate includes a co-owned house,…

How do I prepare and file the required 1099-S form for the partition sale to allow disbursement of proceeds?: North Carolina

How do I prepare and file the required 1099-S form for the partition sale to allow disbursement of proceeds? – North Carolina Short Answer In a North Carolina partition sale handled by a court-appointed commissioner, the person responsible for closing (usually the commissioner’s closing attorney) must file IRS Form 1099-S reporting each owner’s gross proceeds.…

What happens if we can’t provide proof of satisfaction for the deed of trust before the commissioner distributes the sale funds?: North Carolina Partition Action

What happens if we can’t provide proof of satisfaction for the deed of trust before the commissioner distributes the sale funds? – North Carolina Short Answer In a North Carolina partition sale, the commissioner cannot release a co-owner’s net share until liens on that owner’s interest are properly handled. If a deed of trust payoff…

Can someone else attend the contempt hearing on my spouse’s behalf or do we need to retain local counsel?: North Carolina

Can someone else attend the contempt hearing on my spouse’s behalf or do we need to retain local counsel? – North Carolina Short Answer No. In North Carolina, a nonlawyer cannot appear in court for another person, even a spouse. For a contempt show‑cause hearing, the court typically requires the accused person to appear in…