Who is responsible for ongoing costs like property taxes, insurance, utilities, and maintenance when someone has the right to live in the house? nc

Who is responsible for ongoing costs like property taxes, insurance, utilities, and maintenance when someone has the right to live in the house? – North Carolina Short Answer In North Carolina, when a will gives someone the right to live in a house for life (often treated like a life estate), that person is generally…

Do I have to list bank accounts and other non-probate assets on the probate inventory, and where do they go on the inventory form? nc

Do I have to list bank accounts and other non-probate assets on the probate inventory, and where do they go on the inventory form? – North Carolina Short Answer In North Carolina, the probate inventory is broader than “probate-only” property. Many assets that pass outside probate (like joint-with-survivorship accounts and POD/TOD accounts) are still typically…

What happens if a family member later changes their mind about the agreement on who gets the property or other assets? nc

What happens if a family member later changes their mind about the agreement on who gets the property or other assets? – North Carolina Short Answer In North Carolina, a family member can often change course unless the agreement was put into a proper, enforceable form (typically a written settlement, signed releases, and/or a filed…