If I waive the administrator commission, does that affect taxes or the accounting? NC

If I waive the administrator commission, does that affect taxes or the accounting? – North Carolina Short Answer In North Carolina, waiving an administrator’s (personal representative’s) commission usually makes the probate accounting simpler because the estate does not show a commission expense or a payment to the personal representative. It can also affect taxes because…

How long does it usually take to finish an estate after probate is opened, including the creditor notice period and final accounting? NC

How long does it usually take to finish an estate after probate is opened, including the creditor notice period and final accounting? – North Carolina Short Answer In North Carolina, many routine estates can finish in roughly 6 to 12 months after probate is opened, but the timeline often stretches to 12 to 18+ months…

Should I avoid communicating with the other side while a possible will contest is pending, and can anything I say be used against me? NC

Should I avoid communicating with the other side while a possible will contest is pending, and can anything I say be used against me? – North Carolina Short Answer In North Carolina, it is usually wise to limit direct communication with the other side once a will contest (a “caveat”) is likely or has started,…

If the beneficiary dies after inheriting property, do we have to reopen the original estate or start a new estate for the beneficiary? NC

If the beneficiary dies after inheriting property, do we have to reopen the original estate or start a new estate for the beneficiary? – North Carolina Short Answer In North Carolina, it usually depends on whether the beneficiary actually received (or became legally entitled to) the inheritance before death. If the beneficiary died after the…