Should I keep paying the deceased person’s credit card bills, or should I wait until probate and the creditor process starts? nc

Should I keep paying the deceased person’s credit card bills, or should I wait until probate and the creditor process starts? – North Carolina Short Answer In North Carolina, credit card debt is usually paid from the estate (not by family members personally), and it is typically safest to wait until an executor is officially…

After the creditor notice period ends, when am I allowed to sell estate property like the house and the car without causing problems in probate? nc

After the creditor notice period ends, when am I allowed to sell estate property like the house and the car without causing problems in probate? – North Carolina Short Answer In North Carolina, the end of the creditor notice period is an important milestone, but it is not the only timing rule that matters for…

What happens if the estate can’t accept a settlement by the creditor’s deadline and needs more time to respond by mail? nc

What happens if the estate can’t accept a settlement by the creditor’s deadline and needs more time to respond by mail? – North Carolina Short Answer In North Carolina, a creditor’s “settlement deadline” in a letter is usually a private negotiation deadline, not a probate deadline. If the estate needs more time, the personal representative…

How can I confirm whether any distributions were made that would trigger a 1099 for the estate or beneficiaries? nc

How can I confirm whether any distributions were made that would trigger a 1099 for the estate or beneficiaries? – North Carolina Short Answer In North Carolina, the most reliable way to confirm whether distributions occurred (and whether tax reporting was likely triggered) is to match the estate’s actual money movement—bank statements, retirement-plan distribution confirmations,…

When and how can I renounce my inheritance or rights in the estate after the death certificate is corrected? nc

When and how can I renounce my inheritance or rights in the estate after the death certificate is corrected? – North Carolina Short Answer In North Carolina, a beneficiary (including a surviving spouse) can refuse an inheritance by signing a written renunciation (also called a disclaimer) and filing it with the Clerk of Superior Court…