If a second mortgage was taken to help my sibling’s separate house, can that debt reduce my sibling’s share or be offset in distribution? nc

If a second mortgage was taken to help my sibling’s separate house, can that debt reduce my sibling’s share or be offset in distribution? – North Carolina Short Answer Sometimes, but not automatically. In a North Carolina intestate estate, a second mortgage on the decedent’s house is usually treated as an estate debt that must…

What can I do if the brokerage won’t correct the account title or won’t provide statements until the next statement cycle? nc

What can I do if the brokerage won’t correct the account title or won’t provide statements until the next statement cycle? – North Carolina Short Answer In North Carolina, a court-appointed personal representative generally has authority to collect estate assets and should not have to accept a brokerage account being titled in the personal representative’s…

What can I do if my parent’s house was transferred into a sibling’s name before death but an older will said it should be sold and divided? nc

What can I do if my parent’s house was transferred into a sibling’s name before death but an older will said it should be sold and divided? – North Carolina Short Answer In North Carolina, a will generally controls only what the parent owned at death. If the house was validly deeded into a sibling’s…

How can I get an adult child and their spouse out of the home after my spouse passed away, especially if ownership is still being sorted out? nc

How can I get an adult child and their spouse out of the home after my spouse passed away, especially if ownership is still being sorted out? – North Carolina Short Answer In North Carolina, removing an adult child (and their spouse) from a home after a spouse’s death usually requires a court process—either a…

What happens if creditor claims come in during probate and the estate needs to sell real property to pay debts? nc

What happens if creditor claims come in during probate and the estate needs to sell real property to pay debts? – North Carolina Short Answer In North Carolina probate, valid creditor claims generally must be paid before most beneficiaries receive distributions. If the estate does not have enough cash or personal property to pay approved…