Do I need to fill out the estate property list on the application for letters of administration before I sign it? nc

Do I need to fill out the estate property list on the application for letters of administration before I sign it? – North Carolina Short Answer In North Carolina, the application for letters of administration typically includes a “preliminary inventory” section that is meant to be completed before the application is signed and notarized. The…

When should I expect a 1099 for an estate account, and what can I do if it isn’t available when the estate needs to file taxes? nc

When should I expect a 1099 for an estate account, and what can I do if it isn’t available when the estate needs to file taxes? – North Carolina Short Answer In most situations, a financial institution issues a Form 1099 for interest or other reportable income on a calendar-year schedule, often around late January…

How do I file a creditor claim against my ex-spouse’s estate for unpaid support and reimbursements owed under our divorce agreement? nc

How do I file a creditor claim against my ex-spouse’s estate for unpaid support and reimbursements owed under our divorce agreement? – North Carolina Short Answer In North Carolina, a former spouse can usually pursue unpaid support or reimbursement obligations as a creditor claim in the decedent’s estate. The claim must be presented in writing…

How do I close a deceased person’s financial account and make sure the remaining balance is fully paid out to the estate? nc

How do I close a deceased person’s financial account and make sure the remaining balance is fully paid out to the estate? – North Carolina Short Answer In North Carolina, a financial institution will usually close a decedent-owned account and release the remaining balance to the estate only after it receives proof of death and…

What happens if an estate was already opened years ago—can it be reopened to file a will that was never probated? nc

What happens if an estate was already opened years ago—can it be reopened to file a will that was never probated? – North Carolina Short Answer In North Carolina, a closed estate can sometimes be reopened by the Clerk of Superior Court for “proper cause,” including when something important was missed in the original administration.…