How do I update the ownership registration on a deceased shareholder’s account once the estate is opened? – NC Short Answer In North Carolina, once an estate is opened, the transfer agent usually will not change ownership on a deceased shareholder’s account until the duly appointed personal representative proves authority to act for the estate.…
Who has authority to negotiate and pay a creditor claim on behalf of an estate? – North Carolina Short Answer In North Carolina, the personal representative of the estate has authority to deal with creditor claims. That usually means the executor named in a will or, if there is no will, the administrator appointed by…
How do I get reimbursed from an estate or trust for mortgage or equity-line payments, property taxes, and homeowners insurance I paid out of pocket to keep the property from going into default? – NC Short Answer In North Carolina, a trustee can usually reimburse properly documented out-of-pocket expenses that were reasonably incurred to preserve…
Can I transfer my grandparent’s share of the home to myself if the will names me as the sole heir? – NC Short Answer Usually not by will alone. In North Carolina, a will must be probated before it is effective to pass title, and if a deed lists co-owners without survivorship language, the deceased…
What should be included in a certificate of service for a continuance order and notice of hearing? – NC Short Answer In North Carolina, a certificate of service for a continuance order and notice of hearing should clearly state what documents were served, the date of service, the method of service, and the name and…
How can an estate get unredacted joint-account statements if the surviving joint owner is still living? – NC Short Answer In North Carolina, an estate usually cannot demand unrestricted access to a living surviving joint owner’s private banking records just because the decedent’s name was once on the account. The personal representative may be entitled…
What happens if a financial institution says it never received the estate paperwork I sent? – NC Short Answer In North Carolina, the estate usually does not lose its rights just because a financial institution says it never received the paperwork. The practical issue is proof of delivery and whether the institution received the documents…
How do I prove I have authority to claim an insurance policy for an estate? – NC Short Answer In North Carolina, the usual way to prove authority to claim insurance proceeds payable to an estate is to show that the clerk of superior court appointed a personal representative and issued current Letters Testamentary or…
How do I notify the clerk that the executor is not the person named as successor trustee in the trust? – North Carolina Short Answer In North Carolina, the clerk of superior court handles estate administration, and the court file can usually be updated by filing a written notice that identifies the currently acting trustee…
What happens if a creditor doesn’t send supporting documents for an estate claim within a reasonable time? – NC Short Answer In North Carolina, a creditor does not get paid just because it says the estate owes money. If the creditor does not provide enough support for the claim within a reasonable time after a…
