Probate Q&A Series

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Probate Q&A Series

What are an executor’s duties when collecting bank accounts and certificates of deposit and putting them into an estate account? – NC

What are an executor’s duties when collecting bank accounts and certificates of deposit and putting them into an estate account? – NC Short Answer In North Carolina, an executor generally must identify probate bank accounts and certificates of deposit, collect them using the executor’s Letters Testamentary, and place estate funds into a separate estate account…

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Probate Q&A Series

Can I challenge transactions or accounts if I believe my spouse committed fraud that affects the estate? – NC

Can I challenge transactions or accounts if I believe my spouse committed fraud that affects the estate? – NC Short Answer Yes. Under North Carolina law, suspicious transfers, joint accounts, payable-on-death funds, and other transactions that may have reduced or hidden estate assets can often be challenged through the estate administration process or a related…

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Probate Q&A Series

Can a creditor or servicer refuse to discuss an estate claim if the decedent’s name doesn’t match their records exactly? NC

Can a creditor or servicer refuse to discuss an estate claim if the decedent’s name doesn’t match their records exactly? – NC Short Answer Usually, yes. In North Carolina, a creditor or loan servicer may decline to discuss or confirm an estate claim until the caller provides enough information to identify the correct account and…

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Probate Q&A Series

What can be done if relatives are using, renting, or paying taxes on estate property before the estate is formally administered? – NC

What can be done if relatives are using, renting, or paying taxes on estate property before the estate is formally administered? – NC Short Answer In North Carolina, the first step is usually to open the estate and have a personal representative appointed by the Clerk of Superior Court. Once appointed, that representative can gather…

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Probate Q&A Series

How do I find out if my parent had a pension, retirement account, or life insurance through an employer, and whether there are beneficiaries listed? – NC

How do I find out if my parent had a pension, retirement account, or life insurance through an employer, and whether there are beneficiaries listed? – NC Short Answer In North Carolina, the usual way to find employer-related benefits after a parent dies is to contact current and former employers, ask for plan and beneficiary…

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Probate Q&A Series

Does a prior felony conviction prevent someone from serving as the estate administrator, and how is that issue raised in court? NC

Does a prior felony conviction prevent someone from serving as the estate administrator, and how is that issue raised in court? – NC Short Answer Yes, in North Carolina, a prior felony conviction can prevent a person from serving as an estate administrator if that person’s citizenship rights have not been restored. The issue is…

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Probate Q&A Series

Can an estate administrator request historical statements directly, and what proof does the bank usually require? NC

Can an estate administrator request historical statements directly, and what proof does the bank usually require? – NC Short Answer Yes. In North Carolina, a duly appointed estate administrator can usually request historical bank statements that are reasonably needed to collect estate information, trace funds, and complete the estate administration. Most banks will ask for…

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Probate Q&A Series

Can someone acting under a power of attorney sign paperwork to give up a living parent’s inheritance interest in an estate? NC

Can someone acting under a power of attorney sign paperwork to give up a living parent’s inheritance interest in an estate? – NC Short Answer Sometimes, but not automatically. Under North Carolina law, an agent acting under a power of attorney may sign a renunciation or disclaimer of a living parent’s inheritance interest only if…

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