What is a buyout option and how is fair market value determined for my share?: Understanding North Carolina partition buyouts and valuation

What is a buyout option and how is fair market value determined for my share? – North Carolina Short Answer In a North Carolina partition case involving heirs property, a buyout option lets one or more co-owners purchase the interests of those asking for a court-ordered sale at the court-determined fair market value. The clerk…

How do I safely inspect and inventory a hoarded property that’s far away?: Practical steps under North Carolina probate law

How do I safely inspect and inventory a hoarded property that’s far away? – North Carolina Short Answer In North Carolina, a personal representative must preserve estate assets and file an inventory within three months of qualifying. If a residence is hoarded and remote, you may secure access, hire local insured professionals (e.g., cleanup, appraisers)…

What steps can I take if I can’t locate or reach a potential co-executor or heir?: North Carolina guidance for personal representatives

What steps can I take if I can’t locate or reach a potential co-executor or heir? – North Carolina Short Answer In North Carolina, if a named co-executor cannot be reached or does not qualify, you can ask the Clerk of Superior Court to treat that person as having renounced after statutory notice, allowing you…

What happens if neither parent’s estate has been administered—will that affect my rights to inherit?: North Carolina

What happens if neither parent’s estate has been administered—will that affect my rights to inherit? – North Carolina Short Answer In North Carolina, your inheritance does not disappear just because no one opened probate. Title to real estate generally passes at death—to heirs if there’s no will, or to devisees once a will is probated—but…