Is an online home-value estimate enough for the probate inventory, or do I need an appraisal? – North Carolina Short Answer In North Carolina, the probate Inventory should report the condo’s fair market value as of the date of death. An online home-value estimate can be a starting point, but it is not always reliable…
If I suspect the will was hidden or destroyed, what evidence would I need and is that worth pursuing compared to proceeding without a will? – North Carolina Short Answer In North Carolina, a missing original will often triggers a presumption that the person revoked it, so proving a “lost or destroyed will” usually requires…
Which options should I select on the renunciation form when I’m declining the role and nominating a replacement? – North Carolina Short Answer In North Carolina, the usual renunciation form for a named executor is the AOC-E-200. When declining the role and nominating someone else, the selections should match two actions: (1) renouncing (declining) the…
What records and bank statements are needed for the estate accounting, and when is that accounting due after the inventory is filed? – North Carolina Short Answer In North Carolina, the estate accounting (an Annual Account or Final Account) must show every receipt, disbursement, and other transaction handled by the personal representative during the accounting…
Can I sell the inherited vehicle and pay my sibling their share without reopening probate? – North Carolina Short Answer Sometimes, but it depends on how the estate was handled and what the North Carolina DMV will accept to move title out of the deceased owner’s name. If no personal representative (executor) is currently qualified,…
Can I require an independent appraisal before agreeing to assign my ownership interest? – North Carolina Short Answer Yes—under North Carolina law, a co-owner generally can refuse to sign an assignment or deed transferring an inherited ownership interest unless the buyout terms make sense, and an independent fair market appraisal is a common, reasonable condition…
What documents do I need to close a decedent’s credit union shares account and show a zero balance? – North Carolina Short Answer In North Carolina, a credit union will usually require (1) proof of death and (2) proof of authority to act for the estate or the proper payee (such as a beneficiary or…
What share of my father’s real property and personal assets am I entitled to under intestacy? – North Carolina Short Answer In North Carolina, when a parent dies without a will and is survived by a spouse and two or more children, the spouse generally receives a one-third undivided interest in the real property and…
Do I need to finish probate before I can record a new deed and show ownership of the property? – North Carolina Short Answer Usually, no. In North Carolina, a deed can often be recorded before an estate is fully closed, as long as the person signing has legal authority (for example, as personal representative)…
Can a close-out receipt satisfy the bank’s requirement for estate account closure? – North Carolina Short Answer Usually not if the bank has asked for a document that shows a zero balance. In North Carolina estate administration, the personal representative should be able to document that estate funds were properly handled and that the account…
