Probate Q&A Series

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Probate Q&A Series

What happens if a property was under contract before the owner died—does the estate still have to complete the sale? – NC

What happens if a property was under contract before the owner died—does the estate still have to complete the sale? – NC Short Answer Usually, yes. In North Carolina, if the deceased owner had already signed a binding bilateral contract to sell real property before death, the buyer generally looks to the personal representative to…

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Probate Q&A Series

Can I still open an estate and handle my parent’s accounts if the death certificate has the wrong marital status? – NC

Can I still open an estate and handle my parent’s accounts if the death certificate has the wrong marital status? – NC Short Answer Usually, yes. In North Carolina, a wrong marital-status entry on a death certificate does not automatically prevent the Clerk of Superior Court from opening an estate, because the clerk generally relies…

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Probate Q&A Series

If I’m the named beneficiary on a brokerage or investment account, can the company still refuse to pay out because of an error on the death certificate? NC

If I’m the named beneficiary on a brokerage or investment account, can the company still refuse to pay out because of an error on the death certificate? – NC Short Answer Yes. In North Carolina, a named beneficiary usually has the right to receive a brokerage or investment account that was properly registered to pass…

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Probate Q&A Series

What happens if the death certificate isn’t corrected—can it delay estate or insurance matters? NC

What happens if the death certificate isn’t corrected—can it delay estate or insurance matters? – NC Short Answer Yes. In North Carolina, an uncorrected death certificate can slow down insurance claims, benefit applications, and some asset transfers because institutions often compare the certificate to their own records before they act. It may not stop the…

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Probate Q&A Series

What happens if a bank cannot locate key account-opening documents for a decedent’s accounts during estate administration? NC

What happens if a bank cannot locate key account-opening documents for a decedent’s accounts during estate administration? – NC Short Answer In North Carolina, a bank account does not automatically pass to a surviving co-owner just because two names appeared on the account. A right of survivorship usually must be shown by a signed written…

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Probate Q&A Series

Can an estate administrator get confirmation of whether the deceased had a loan versus a checking or savings account? NC

Can an estate administrator get confirmation of whether the deceased had a loan versus a checking or savings account? – NC Short Answer Yes. In North Carolina, a duly appointed estate administrator generally has authority to gather information about the deceased person’s assets and debts, which includes asking a bank to confirm whether the deceased…

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Probate Q&A Series

What documents does an estate administrator typically need to provide to access information about a deceased person’s bank accounts or loans? NC

What documents does an estate administrator typically need to provide to access information about a deceased person’s bank accounts or loans? – NC Short Answer In North Carolina, a bank will usually want proof that the person asking for information has authority to act for the estate and proof that the account holder has died.…

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Probate Q&A Series

Which assets are supposed to be included in the probate accounting versus assets that pass directly to beneficiaries like retirement accounts or payable-on-death bank accounts? – NC

Which assets are supposed to be included in the probate accounting versus assets that pass directly to beneficiaries like retirement accounts or payable-on-death bank accounts? – NC Short Answer In North Carolina, the final probate accounting usually includes only assets that became part of the probate estate and came into the personal representative’s possession or…

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Probate Q&A Series

How do I properly close the estate and distribute what’s left when there are multiple beneficiaries and I’m the executor? – NC

How do I properly close the estate and distribute what’s left when there are multiple beneficiaries and I’m the executor? – NC Short Answer In North Carolina, an executor usually closes an estate only after gathering the probate assets, paying approved claims and expenses, preparing a final accounting that balances, and then making distributions to…

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