If the house has an HVAC lease the decedent signed, am I obligated to keep it, or can I negotiate a payoff and get it removed from the property obligations? NC

If the house has an HVAC lease the decedent signed, am I obligated to keep it, or can I negotiate a payoff and get it removed from the property obligations? – North Carolina Short Answer In North Carolina, an HVAC “lease” signed by the decedent is usually a contract obligation that can follow the estate…

Does a backup beneficiary named in a will take over if the primary beneficiary dies after the willmaker, or does the primary beneficiarys estate receive the inheritance? NC

Does a backup beneficiary named in a will take over if the primary beneficiary dies after the willmaker, or does the primary beneficiarys estate receive the inheritance? – North Carolina Short Answer In North Carolina, if the primary beneficiary survives the will-maker long enough to be treated as having survived under the 120-hour rule (and…

Should we complete a distribution or custodial deed before closing the estate, and who must sign to avoid future title problems? NC

Should we complete a distribution or custodial deed before closing the estate, and who must sign to avoid future title problems? – North Carolina Short Answer In North Carolina, it is usually best practice to record the deed that puts the real estate into the correct long-term ownership (including a custodianship for a minor) before…