Why can’t the property sale close yet if I’m already under contract? nc

Why can’t the property sale close yet if I’m already under contract? – North Carolina Short Answer In North Carolina, being “under contract” does not always mean the estate has legal authority to deliver marketable title at closing. A closing can be delayed if the personal representative (executor/administrator) has not been appointed, if required creditor-notice…

Should the executor file an insolvency petition before talking to a major creditor to avoid making promises about who gets paid first? nc

Should the executor file an insolvency petition before talking to a major creditor to avoid making promises about who gets paid first? – North Carolina Short Answer Usually, no. In North Carolina, a personal representative can (and often should) communicate early with a secured creditor, but should avoid making payment promises because the estate must…

How do I handle the deceased person’s final income taxes while the estate is still waiting to be opened? nc

How do I handle the deceased person’s final income taxes while the estate is still waiting to be opened? – North Carolina Short Answer In North Carolina, the safest approach is to gather tax records immediately but wait to sign and file the deceased person’s final income tax returns until a court-appointed personal representative has…

Can we include money we recover later (like a missing check or unclaimed property) without reopening the estate? nc

Can we include money we recover later (like a missing check or unclaimed property) without reopening the estate? – North Carolina Short Answer Sometimes, but not always. In North Carolina, if no personal representative (executor/administrator) was ever appointed, there may be no one with legal authority to endorse, collect, or sue for “later-discovered” estate money…

What can I do if the executor and the executor’s attorney were paid but the other beneficiaries received nothing? nc

What can I do if the executor and the executor’s attorney were paid but the other beneficiaries received nothing? – North Carolina Short Answer In North Carolina, beneficiaries can ask the Clerk of Superior Court (the probate court) to require the executor (personal representative) to file a complete accounting and explain distributions, and to enter…