Can someone acting under a power of attorney sign paperwork to give up a living parent’s inheritance interest in an estate? NC

Can someone acting under a power of attorney sign paperwork to give up a living parent’s inheritance interest in an estate? – NC Short Answer Sometimes, but not automatically. Under North Carolina law, an agent acting under a power of attorney may sign a renunciation or disclaimer of a living parent’s inheritance interest only if…

Do the proceeds from an estate property sale have to be paid to the estate instead of directly to an heir or family member? – NC

Do the proceeds from an estate property sale have to be paid to the estate instead of directly to an heir or family member? – NC Short Answer Usually, yes. In North Carolina, when estate real property is sold during administration, the personal representative must protect estate assets, address valid creditor claims, and complete the…