How is a deceased person’s interest in a small consulting business handled during probate, and who is authorized to act for that share? – North Carolina Short Answer In North Carolina, a deceased person’s ownership interest in a small consulting business is usually treated as personal property that becomes part of the probate estate unless…
What happens at the two hearings for a probate house sale, and do I have to attend either one? – North Carolina Short Answer In North Carolina, a court-supervised probate house sale often involves (1) a hearing (or review) where the Clerk of Superior Court decides whether to authorize the personal representative to take custody/control…
Do we need the original will to open probate, or can we start and file it later after the box is drilled? – North Carolina Short Answer In North Carolina, the Clerk of Superior Court generally needs the original will (or an acceptable substitute procedure for a lost will) to probate the will and issue…
How do we get inherited land put into the heirs’ names so they can sell it to us? – North Carolina Short Answer In North Carolina, inherited land usually does not get “put into the heirs’ names” by a simple deed change when the owner dies without a will. The cleanest way to make the…
Can reaching out to a lienholder too early affect strategy or outcomes in an estate property matter involving creditors? – North Carolina Short Answer Yes. In a North Carolina estate matter where insolvency is likely and multiple creditors are competing, contacting a lienholder too early can affect leverage, timing, and the paper trail that later…
If a second mortgage was taken to help my sibling’s separate house, can that debt reduce my sibling’s share or be offset in distribution? – North Carolina Short Answer Sometimes, but not automatically. In a North Carolina intestate estate, a second mortgage on the decedent’s house is usually treated as an estate debt that must…
What can I do if the brokerage won’t correct the account title or won’t provide statements until the next statement cycle? – North Carolina Short Answer In North Carolina, a court-appointed personal representative generally has authority to collect estate assets and should not have to accept a brokerage account being titled in the personal representative’s…
How can I get a copy of a will that isn’t scanned into the online court system? – North Carolina Short Answer In North Carolina, the practical way to get a will that is not imaged online is to request a copy directly from the Clerk of Superior Court (Estates) in the county where the…
Can I access or move my relative’s bank accounts if I was listed on the account or had power of attorney before they died? – North Carolina Short Answer In North Carolina, a power of attorney generally does not let an agent keep accessing or moving money after the person dies. After death, banks usually…
What can I do if my parent’s house was transferred into a sibling’s name before death but an older will said it should be sold and divided? – North Carolina Short Answer In North Carolina, a will generally controls only what the parent owned at death. If the house was validly deeded into a sibling’s…
