Do beneficiary‑only assets need to be listed on the probate forms, and do they affect the estate’s fee calculation?: North Carolina

Do beneficiary‑only assets need to be listed on the probate forms, and do they affect the estate’s fee calculation? – North Carolina Short Answer In North Carolina, beneficiary‑only assets (like life insurance or retirement accounts payable to a named person) are typically not part of the probate estate and generally are not listed on the…

How can we change attorneys during probate without causing delays or harming the estate?: North Carolina

How can we change attorneys during probate without causing delays or harming the estate? – North Carolina Short Answer In North Carolina, the personal representative (executor or administrator) decides which attorney represents the estate and may change counsel at any time. To avoid delays, file a written substitution of counsel (or consent withdrawal) in the…

How long does it usually take the clerk to open an estate after the application and follow-up materials are submitted?: North Carolina Probate

How long does it usually take the clerk to open an estate after the application and follow-up materials are submitted? – North Carolina Short Answer North Carolina law does not set a fixed number of days. If the filing is complete and no pre-issuance notice is required, many clerks issue Letters the same day at…

Do I need appraisals for real estate, vehicles, and personal property listed in the inventory?: North Carolina

Do I need appraisals for real estate, vehicles, and personal property listed in the inventory? – North Carolina Short Answer North Carolina law does not automatically require appraisals to file the estate inventory. The personal representative must report fair market value for each asset as of the date of death, and may use a disinterested…

What can be done if someone transferred my parent’s business into their own name while my parent was sick?: North Carolina

What can be done if someone transferred my parent’s business into their own name while my parent was sick? – North Carolina Short Answer North Carolina law allows courts to unwind transfers made when a parent lacked capacity or when an agent under a power of attorney breached fiduciary duties. The Clerk of Superior Court…