What happens if a creditor contacts a family member or occupant directly about the property—can that create problems for the estate? nc

What happens if a creditor contacts a family member or occupant directly about the property—can that create problems for the estate? – North Carolina Short Answer In North Carolina, a creditor (including a mortgage lender) may try to communicate with a family member or occupant about a property, but that contact does not automatically bind…

If my spouse had debts, can creditors come after me personally if I’m listed as the surviving spouse? nc

If my spouse had debts, can creditors come after me personally if I’m listed as the surviving spouse? – North Carolina Short Answer Usually, no. In North Carolina, a deceased spouse’s creditors generally must pursue payment through the decedent’s estate, not the surviving spouse personally. A creditor can come after the surviving spouse only if…

Do I have to personally pay my parent’s unsecured business debts, or do those get paid only from the estate? nc

Do I have to personally pay my parent’s unsecured business debts, or do those get paid only from the estate? – North Carolina Short Answer In North Carolina, a deceased parent’s unsecured business debts are generally paid (if at all) from the parent’s estate—not from an adult child’s personal funds. A personal representative can create…

What happens to the mortgaged house if we don’t open probate, and can a child become the “successor in interest” to deal with the lender? nc

What happens to the mortgaged house if we don’t open probate, and can a child become the “successor in interest” to deal with the lender? – North Carolina Short Answer In North Carolina, a mortgage does not disappear when the homeowner dies. If the payments stop, the lender can still enforce the deed of trust…