How can I open an estate bank account as the executor, and what documents do banks usually require? nc

How can I open an estate bank account as the executor, and what documents do banks usually require? – North Carolina Short Answer In North Carolina, an executor typically opens an estate bank account after qualifying with the Clerk of Superior Court and receiving certified Letters Testamentary (or Letters of Administration). Most banks require certified…

How can I challenge a sibling’s power‑of‑attorney actions over a paid care contract and use of our parent’s money, or report suspected financial abuse? nc

How can I challenge a sibling’s power‑of‑attorney actions over a paid care contract and use of our parent’s money, or report suspected financial abuse? – North Carolina Short Answer In North Carolina, a power-of-attorney agent (attorney-in-fact) must act as a fiduciary for the parent (the principal) and keep records of what was done with the…

How can an estate administrator get a pension plan to release information about a deceased person’s account? nc

How can an estate administrator get a pension plan to release information about a deceased person’s account? – North Carolina Short Answer In North Carolina, a pension plan will usually release account information to an estate administrator only after receiving proof of authority to act for the estate. The most common proof is a certified…

If my spouse and I cover the past‑due amount and future payments, how do we ensure the title is legally transferred to us? nc

If my spouse and I cover the past‑due amount and future payments, how do we ensure the title is legally transferred to us? – North Carolina Short Answer In North Carolina, paying the mortgage (even catching it up and resuming monthly payments) does not transfer legal title. Title usually passes under the will (if there…

How can I get a bank to release a pay-on-death account with a death certificate when they keep asking for letters testamentary? nc

How can I get a bank to release a pay-on-death account with a death certificate when they keep asking for letters testamentary? – North Carolina Short Answer In North Carolina, a properly created pay-on-death (POD) account generally becomes the beneficiary’s property at the owner’s death, and the bank can pay the beneficiary after receiving proof…

How is a personal representative commission approved, and what records should I provide? nc

How is a personal representative commission approved, and what records should I provide? – North Carolina Short Answer In North Carolina, a personal representative’s commission is approved by the Clerk of Superior Court (the probate court) based on what the estate actually received and what the personal representative actually paid out during administration. In many…