Do I need appraisals for real estate, vehicles, and personal property listed in the inventory?: North Carolina

Do I need appraisals for real estate, vehicles, and personal property listed in the inventory? – North Carolina Short Answer North Carolina law does not automatically require appraisals to file the estate inventory. The personal representative must report fair market value for each asset as of the date of death, and may use a disinterested…

What can be done if someone transferred my parent’s business into their own name while my parent was sick?: North Carolina

What can be done if someone transferred my parent’s business into their own name while my parent was sick? – North Carolina Short Answer North Carolina law allows courts to unwind transfers made when a parent lacked capacity or when an agent under a power of attorney breached fiduciary duties. The Clerk of Superior Court…

What documents and information should I gather before meeting a lawyer about probate or partition?: North Carolina

What documents and information should I gather before meeting a lawyer about probate or partition? – North Carolina Short Answer In North Carolina, bring identity and family details, the original will (if any) and a certified death certificate, a list of assets and debts with date‑of‑death values, and copies of deeds and titles. For partition,…

How can I tell whether my situation needs probate or if there’s a simpler alternative?: North Carolina

How can I tell whether my situation needs probate or if there’s a simpler alternative? – North Carolina Short Answer In North Carolina, probate is needed when the decedent left “probate assets” that require a court‑appointed personal representative to collect, pay claims, and transfer title. If the estate has only non‑probate assets (for example, joint…

What immediate steps should I take to secure assets and handle bills before probate is opened?: North Carolina

What immediate steps should I take to secure assets and handle bills before probate is opened? – North Carolina Short Answer In North Carolina, only a court‑appointed personal representative has legal authority to collect estate assets and pay most bills. Before probate opens, focus on preserving property: secure the residence and vehicles, keep essential insurance…