What is a buyout option and how is fair market value determined for my share?: Understanding North Carolina partition buyouts and valuation

What is a buyout option and how is fair market value determined for my share? – North Carolina Short Answer In a North Carolina partition case involving heirs property, a buyout option lets one or more co-owners purchase the interests of those asking for a court-ordered sale at the court-determined fair market value. The clerk…

How do I safely inspect and inventory a hoarded property that’s far away?: Practical steps under North Carolina probate law

How do I safely inspect and inventory a hoarded property that’s far away? – North Carolina Short Answer In North Carolina, a personal representative must preserve estate assets and file an inventory within three months of qualifying. If a residence is hoarded and remote, you may secure access, hire local insured professionals (e.g., cleanup, appraisers)…

What steps can I take if I can’t locate or reach a potential co-executor or heir?: North Carolina guidance for personal representatives

What steps can I take if I can’t locate or reach a potential co-executor or heir? – North Carolina Short Answer In North Carolina, if a named co-executor cannot be reached or does not qualify, you can ask the Clerk of Superior Court to treat that person as having renounced after statutory notice, allowing you…