Can I terminate the sales agreement and avoid reimbursing the buyer’s due diligence costs?: North Carolina

Can I terminate the sales agreement and avoid reimbursing the buyer’s due diligence costs? – North Carolina Short Answer Usually, no—you can’t simply cancel and avoid the buyer’s costs unless your contract gives you a clear right to terminate without penalty. In North Carolina, the contract controls who pays for due diligence expenses. Because the…

How do I transfer bank accounts and vehicle titles that had no beneficiary designations?: North Carolina

How do I transfer bank accounts and vehicle titles that had no beneficiary designations? – North Carolina Short Answer In North Carolina, bank accounts and vehicles without a beneficiary or survivorship feature are probate assets. You can transfer them by either (1) using a small-estate Affidavit for Collection of Personal Property if the estate qualifies,…

As an alternate executor, how do I step in if my parent becomes incapacitated or unfit to serve?: As an alternate executor, how do I step in if my parent becomes incapacitated or unfit to serve?

As an alternate executor, how do I step in if my parent becomes incapacitated or unfit to serve? – North Carolina Short Answer In North Carolina, an alternate executor named in a probated will may take over only if there is a vacancy or the Clerk of Superior Court removes or disqualifies the primary executor.…

Can I sue a relative for breaching their fiduciary duty in exploiting my parent’s estate plan?: North Carolina

Can I sue a relative for breaching their fiduciary duty in exploiting my parent’s estate plan? – North Carolina Short Answer Yes, but who sues and where depends on the role the relative played. In North Carolina, a personal representative, trustee, or power-of-attorney agent owes fiduciary duties. Claims for money damages go to Superior Court.…