If my parent gifted farm equipment and property to me shortly before death, can creditors or the estate challenge those transfers? NC

If my parent gifted farm equipment and property to me shortly before death, can creditors or the estate challenge those transfers? – North Carolina Short Answer Yes. In North Carolina, a transfer made shortly before death can be challenged in several ways depending on what was transferred and how it was documented. Creditors (usually through…

Do I need to file an estate income tax return if the estate only received small refunds and no interest, and how does that relate to the decedent’s final individual tax filings? NC

Do I need to file an estate income tax return if the estate only received small refunds and no interest, and how does that relate to the decedent’s final individual tax filings? – North Carolina Short Answer Usually not. In North Carolina, a fiduciary (personal representative) generally files an estate income tax return only when…

What steps are involved in removing an estate administrator for mismanagement and forging documents?

What steps are involved in removing an estate administrator for mismanagement and forging documents? – North Carolina Short Answer In North Carolina, removal of an estate administrator usually happens through an estate proceeding filed with the Clerk of Superior Court in the county where the estate is open. The process typically involves filing a verified…

How can I obtain information about a deceased person’s pension or retirement account during probate if I represent the estate? NC

How can I obtain information about a deceased person’s pension or retirement account during probate if I represent the estate? – North Carolina Short Answer In North Carolina, the cleanest way to obtain pension or retirement account information during probate is to show the plan administrator or employer that the estate has an authorized personal…

If a partition case is filed on a single‑home property, what does the court typically do, and how are proceeds or shares handled among co‑owners? NC

If a partition case is filed on a single‑home property, what does the court typically do, and how are proceeds or shares handled among co‑owners? – North Carolina Short Answer In North Carolina, a partition case is a special proceeding where the court (through the Clerk of Superior Court) decides how to divide co-owned real…

How do I ensure all post‑death account activity is captured so no future residuals are left after closing the accounts?

How do I ensure all post‑death account activity is captured so no future residuals are left after closing the accounts? – North Carolina Short Answer In North Carolina estate administration, the best way to capture post-death “residuals” (like late dividends, interest, or trade adjustments) is to keep at least one estate cash account open long…