What happens to my spouse’s unsecured loan and credit card if the estate has little or no assets—am I personally responsible? – NC

What happens to my spouse’s unsecured loan and credit card if the estate has little or no assets—am I personally responsible? – North Carolina Short Answer Under North Carolina law, a surviving spouse is not automatically liable for a deceased spouse’s individual unsecured debts, like a credit card or personal loan, if the spouse did…

As named executors, can we access any buyer deposits before closing, or are those funds restricted until final distribution? – NC

As named executors, can we access any buyer deposits before closing, or are those funds restricted until final distribution? – North Carolina Short Answer Under North Carolina law, buyer deposits tied to a house sale (such as due diligence or earnest money) are generally restricted until closing and must be handled through the closing or…

Does land that I own in another state become part of my late spouse’s estate or our children’s inheritance just because we were married? – NC

Does land that I own in another state become part of my late spouse’s estate or our children’s inheritance just because we were married? – North Carolina Short Answer Under North Carolina law, land titled solely in a surviving spouse’s name in another state does not automatically become part of the deceased spouse’s estate or…