If the estate pays a settlement, does that fully resolve the creditor’s claim so they can’t come back for more later? – NC

If the estate pays a settlement, does that fully resolve the creditor’s claim so they can’t come back for more later? – NC Short Answer Usually, no payment alone does not automatically prevent a creditor from asking for more later. In North Carolina, the claim is most safely resolved only if the written settlement agreement…

What happens when two people file competing petitions to be appointed administrator of an estate? NC

What happens when two people file competing petitions to be appointed administrator of an estate? – NC Short Answer In North Carolina, when two people file competing petitions to become administrator of an intestate estate, the Clerk of Superior Court decides who should be appointed. The clerk usually looks first at statutory priority, any renunciations…

How do I gather missing financial records for a parent’s estate administration? – NC

How do I gather missing financial records for a parent’s estate administration? – NC Short Answer In North Carolina, the personal representative of a parent’s estate usually gathers missing financial records by using the court appointment papers to request statements, balances, and transaction histories from banks and other asset holders. The key is to collect…