What kinds of property and accounts can be included in a year’s allowance, and what happens if the total value is over the limit? nc

What kinds of property and accounts can be included in a year’s allowance, and what happens if the total value is over the limit? – North Carolina Short Answer In North Carolina, a spouse’s year’s allowance is generally satisfied from the deceased person’s personal property (not real estate), such as cash, bank accounts, vehicles, and…

What happens if I refuse to cash a distribution check because I disagree with how the estate was handled—can the estate still be closed? nc

What happens if I refuse to cash a distribution check because I disagree with how the estate was handled—can the estate still be closed? – North Carolina Short Answer In North Carolina, a beneficiary refusing to cash a distribution check does not automatically stop the personal representative from trying to close the estate. To close…

Can the administrator charge the estate for surveying land, tearing down buildings, or clearing property if that real estate isn’t part of the estate? nc

Can the administrator charge the estate for surveying land, tearing down buildings, or clearing property if that real estate isn’t part of the estate? – North Carolina Short Answer Usually, no. In North Carolina, an administrator can generally reimburse only expenses that were properly incurred to collect, protect, manage, and distribute estate property. If land…

How do I access or transfer a certificate of deposit after the account owner dies if there is no payable-on-death beneficiary listed? nc

How do I access or transfer a certificate of deposit after the account owner dies if there is no payable-on-death beneficiary listed? – North Carolina Short Answer In North Carolina, if a certificate of deposit (CD) has no payable-on-death (POD) beneficiary and no surviving joint owner with survivorship rights, the CD usually becomes part of…