Why must a guardian obtain a court order before selling a ward’s real property under North Carolina law?

Why Must a Guardian Obtain a Court Order Before Selling a Ward’s Real Property Under North Carolina Law? Detailed Answer Under North Carolina guardianship law, a guardian may manage a ward’s assets under N.C. Gen. Stat. § 35A-1201 (link), but cannot sell real property without the court’s prior approval. North Carolina General Statutes Chapter 35A,…

When is a local North Carolina probate attorney required based on the decedent’s residency or property ownership?

When is a local North Carolina probate attorney required based on the decedent’s residency or property ownership? 1. Detailed Answer In North Carolina, you must involve a probate attorney when you start an estate administration under two main scenarios: the decedent was a North Carolina resident, or the decedent owned real property in the State.…

How do you transfer an LLC membership interest from an estate to an heir under North Carolina probate law?

How do you transfer an LLC membership interest from an estate to an heir under North Carolina probate law? Detailed Answer When an LLC member dies, the decedent’s membership interest becomes part of the probate estate. The personal representative must collect, manage, and ultimately distribute that interest to the heir or beneficiary under the will…

How are attorney fees and carrying costs recovered and allocated in North Carolina probate hearings?

How are attorney fees and carrying costs recovered and allocated in North Carolina probate hearings? 1. Detailed Answer When an individual in North Carolina passes away, the personal representative (sometimes called the executor) must pay the estate’s debts and expenses before distributing property to heirs or beneficiaries. Two key types of administration expenses are attorney…

When does North Carolina require ancillary probate for property owned by a nonresident decedent?

When does North Carolina require ancillary probate for property owned by a nonresident decedent? Detailed Answer Ancillary probate in North Carolina covers the process for administering property located in this state when the decedent lived elsewhere. The state requires ancillary probate to ensure lawful transfer or sale of in-state assets. Below are the key rules…

How do unrecorded or unsigned deeds impact property administration during North Carolina probate?

How do unrecorded or unsigned deeds impact property administration during North Carolina probate? Detailed Answer When someone dies owning real estate, the personal representative must identify and list every parcel in the estate under North Carolina’s probate laws. The key statute is N.C.G.S. § 28A-13-3. A valid deed transfers legal title when the grantor signs…