What happens if the trustee has a conflict of interest because they are related to other beneficiaries or the executor? nc

What happens if the trustee has a conflict of interest because they are related to other beneficiaries or the executor? – North Carolina Short Answer In North Carolina, a trustee can be related to other beneficiaries (or to the estate’s executor) and still serve, but the trustee must administer the trust solely for the beneficiaries’…

Do I have to publish a new notice to creditors in the state where the property is located even if probate and creditor notice already happened in the home state? nc

Do I have to publish a new notice to creditors in the state where the property is located even if probate and creditor notice already happened in the home state? – North Carolina Short Answer Usually, yes. If an ancillary estate is opened in North Carolina to deal with North Carolina real property, the ancillary…

How do I complete the estate inventory if I’m still waiting on account statements or property values? nc

How do I complete the estate inventory if I’m still waiting on account statements or property values? – North Carolina Short Answer In North Carolina, the personal representative generally must file the estate inventory with the Clerk of Superior Court within three months after qualification, even if some values are not final. The inventory should…

If the funeral was arranged by a family member, can the estate still request the contract and receipts from the funeral home? nc

If the funeral was arranged by a family member, can the estate still request the contract and receipts from the funeral home? – North Carolina Short Answer Often, yes. In North Carolina, even if a family member arranged the funeral, the estate’s personal representative usually still needs the funeral contract and itemized receipts to properly…