What paperwork is usually needed to confirm and release funds from a payable-on-death account after someone dies? – North Carolina Short Answer In North Carolina, a payable-on-death (POD) account typically can be released directly to the named beneficiary after the owner dies, without opening an estate just to access that account. Most financial institutions usually…
What are my options if estate property like a vehicle or a house was not listed on the probate inventory? – North Carolina Short Answer In North Carolina, when estate property is missing from the probate inventory, the usual fix is to require the personal representative to correct the filing—often by filing a supplemental inventory…
Can the estate representative request 401(k) records directly from the plan administrator? – North Carolina Short Answer Yes, in many North Carolina estates the personal representative (executor or administrator) can request certain 401(k) records directly from the plan administrator or recordkeeper, especially when the estate needs information to administer the estate (such as a 1099-R…
Can I file the will myself if the named executor refuses to take action, and what paperwork do I need? – North Carolina Short Answer Yes. In North Carolina, an “interested person” (often an heir or beneficiary) can take the will to the Clerk of Superior Court (Estates) to get it filed and, if appropriate,…
If most accounts were joint or had beneficiaries, do I still need to include them in the final estate accounting? – North Carolina Short Answer Usually, no. In North Carolina, a Personal Representative’s final estate accounting generally reports what the probate estate received, held, and paid out—not assets that passed directly to a joint owner…
How do we find out if my parent had a will or trust if nothing has been filed with the court? – North Carolina Short Answer In North Carolina, the Clerk of Superior Court only has a will on record if someone filed it for safekeeping during life or later delivered it for filing/probate after…
What are the next steps after I receive the corrected death certificate to handle my parent’s estate? – North Carolina Short Answer In North Carolina, once the corrected death certificate is in hand, the next steps usually are (1) confirm whether any assets can be collected without probate (like accounts with named beneficiaries), and (2)…
What happens at a probate court hearing to set aside a deed transfer of a deceased person’s home? – North Carolina Short Answer In North Carolina, a hearing to “set aside” a deed transfer tied to a deceased person’s home usually focuses on whether the deed was validly signed and delivered, and whether the signer…
Who is responsible for reporting taxes on a deceased person’s 401(k) distribution? – North Carolina Short Answer In North Carolina, the person or entity that receives the 401(k) distribution is generally the one that reports it as taxable income. If the 401(k) pays a named beneficiary directly, the beneficiary typically reports the distribution on the…
How can we find out what bank accounts, vehicles, and retirement benefits exist and where the money went? – North Carolina Short Answer In North Carolina, the person appointed by the Clerk of Superior Court as the estate’s personal representative (administrator) has the legal duty and authority to identify, collect, and account for probate assets.…
