When and how should an estate respond to a debt collector while the estate is still identifying assets and debts? – NC

When and how should an estate respond to a debt collector while the estate is still identifying assets and debts? – NC Short Answer In North Carolina, an estate usually should not promise payment to a debt collector before the personal representative has identified estate assets, reviewed the claim, and confirmed whether the claim was…

Can an estate make partial payments to multiple creditor accounts when there aren’t enough assets to pay all claims in full? – NC

Can an estate make partial payments to multiple creditor accounts when there aren’t enough assets to pay all claims in full? – NC Short Answer Usually yes, but only in the way North Carolina probate law allows. If an estate does not have enough assets to pay every valid claim in full, the personal representative…