What happens to the mortgaged house if we don’t open probate, and can a child become the “successor in interest” to deal with the lender? nc

What happens to the mortgaged house if we don’t open probate, and can a child become the “successor in interest” to deal with the lender? – North Carolina Short Answer In North Carolina, a mortgage does not disappear when the homeowner dies. If the payments stop, the lender can still enforce the deed of trust…

What happens to the sale proceeds from estate property if the creditor claim deadline hasn’t passed yet? nc

What happens to the sale proceeds from estate property if the creditor claim deadline hasn’t passed yet? – North Carolina Short Answer In North Carolina probate, sale proceeds from estate property generally stay under the personal representative’s control and should be held (or reserved) until the creditor claim period runs and the personal representative can…

If I was listed on a bank account with my parent, what happens to that money after my parent’s death, and can someone move it out of the joint account? nc

If I was listed on a bank account with my parent, what happens to that money after my parent’s death, and can someone move it out of the joint account? – North Carolina Short Answer In North Carolina, what happens to a joint bank account after a parent’s death usually depends on whether the account…

Do I need to open a probate case to handle a checking account, retirement assets, and property transfers? nc

Do I need to open a probate case to handle a checking account, retirement assets, and property transfers? – North Carolina Short Answer In North Carolina, probate is often needed to access and transfer assets that are titled only in the deceased spouse’s name—especially a checking account and real estate—because banks and the Register of…