Probate Q&A Series

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Probate Q&A Series

What bond rules apply when opening a new estate? NC

What bond rules apply when opening a new estate? – NC Short Answer In North Carolina, a personal representative usually must post a bond before the clerk issues letters, unless a statutory exception applies. Whether bond is required depends mainly on the type of estate, whether the personal representative is an executor or administrator, whether…

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Probate Q&A Series

Can a credit card company collect from estate assets without going after the affiant or family personally? NC

Can a credit card company collect from estate assets without going after the affiant or family personally? – NC Short Answer Yes. In North Carolina, a credit card company usually makes its claim against the decedent’s estate, not against family members or the small-estate affiant personally, unless someone else was already legally responsible for the…

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Probate Q&A Series

Can a step-grandparent take full ownership of inherited property without notifying the other heirs? NC

Can a step-grandparent take full ownership of inherited property without notifying the other heirs? – NC Short Answer Usually no. In North Carolina, if a deceased person’s house and land passed to multiple heirs or devisees, one person generally cannot take full ownership alone unless the other ownership interests are legally transferred, bought out, or…

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