What happens if the will lists the wrong address for a property, and can the intended property still be transferred to the beneficiary? nc

What happens if the will lists the wrong address for a property, and can the intended property still be transferred to the beneficiary? – North Carolina Short Answer In North Carolina, a wrong or incomplete street address in a will does not automatically defeat a gift of real estate. If the intended property can be…

Can the trust assets be transferred to a new corporate trustee without selling the stocks, so the holdings move “in kind” instead of being liquidated? nc

Can the trust assets be transferred to a new corporate trustee without selling the stocks, so the holdings move “in kind” instead of being liquidated? – North Carolina Short Answer Often, yes. Under North Carolina trust administration, a change from one corporate trustee to another can frequently be handled by transferring the trust’s brokerage assets…

Do I have to open probate if my parent’s bank accounts have beneficiary designations, but the named beneficiary has already died? nc

Do I have to open probate if my parent’s bank accounts have beneficiary designations, but the named beneficiary has already died? – North Carolina Short Answer Often, yes. In North Carolina, a payable-on-death (POD) bank account only avoids probate if at least one named beneficiary survives the account owner. If the only named beneficiary died…