Is it possible to negotiate a new settlement after the original one lapses, or is full payment the only option? – NC

Is it possible to negotiate a new settlement after the original one lapses, or is full payment the only option? – North Carolina Short Answer In North Carolina, a lapsed settlement offer usually means the creditor can insist on the original debt terms, including full payment. But full payment is not the only possible outcome:…

What happens if additional assets are discovered after I sign the receipt and the final accounting is submitted? NC

What happens if additional assets are discovered after I sign the receipt and the final accounting is submitted? – North Carolina Short Answer In North Carolina, finding additional estate assets after a receipt is signed and a final account is filed usually means the estate must be handled again for the newly discovered property. The…

What happens if the will is considered invalid or too old—do the default no‑will rules apply or can we still rely on parts of it? NC

What happens if the will is considered invalid or too old—do the default no‑will rules apply or can we still rely on parts of it? – North Carolina Short Answer In North Carolina, an “old” will is not automatically invalid just because of its age. If the will is validly executed and admitted to probate,…