If the only named beneficiary on a life insurance policy died before the insured, who is supposed to receive the payout? nc

If the only named beneficiary on a life insurance policy died before the insured, who is supposed to receive the payout? – North Carolina Short Answer In North Carolina, if the only named beneficiary died before the insured and there is no living contingent (backup) beneficiary, the policy usually pays the proceeds to the insured’s…

How should an estate handle rent from a tenant living in estate property after the owner dies, especially if the tenant is hard to reach? NC

How should an estate handle rent from a tenant living in estate property after the owner dies, especially if the tenant is hard to reach? – North Carolina Short Answer In North Carolina, rent for property owned by a deceased person should generally be treated as an estate asset and collected by the court-appointed personal…

What am I actually signing if the decedent’s family asks me to waive or renounce rights in the estate, and should I sign anything at all? nc

What am I actually signing if the decedent’s family asks me to waive or renounce rights in the estate, and should I sign anything at all? – North Carolina Short Answer In North Carolina, “waiver/renunciation” paperwork can mean very different things, but many versions are designed to (1) give someone else the right to serve…

If I file for both a year’s allowance and a spouse’s share in the estate, can the adult children challenge it or block the distribution? NC

If I file for both a year’s allowance and a spouse’s share in the estate, can the adult children challenge it or block the distribution? – North Carolina Short Answer Yes. In North Carolina, adult children (and other people with legal standing) can challenge a surviving spouse’s year’s allowance award and can also participate in…

How do I enforce a will when the estate administrator refuses to give a beneficiary’s inheritance after the beneficiary dies? nc

How do I enforce a will when the estate administrator refuses to give a beneficiary’s inheritance after the beneficiary dies? – North Carolina Short Answer In North Carolina, a beneficiary’s inheritance generally does not disappear just because the beneficiary dies before receiving it. In most cases, the beneficiary’s share becomes an asset of the beneficiary’s…