Who is authorized to request or receive escrowed funds when the decedent’s share is part of an estate? nc

Who is authorized to request or receive escrowed funds when the decedent’s share is part of an estate? – North Carolina Short Answer In North Carolina, the person authorized to request or receive escrowed sale proceeds that belong to a decedent’s estate is usually the court-appointed personal representative (executor or administrator) acting under Letters Testamentary…

What happens after the house-sale money is transferred into the estate—who gets paid first and what comes next? nc

What happens after the house-sale money is transferred into the estate—who gets paid first and what comes next? – North Carolina Short Answer In North Carolina, once the house-sale proceeds are in the estate, the personal representative (or the clerk, in a clerk-administered estate) generally pays estate obligations in a statutory priority order—starting with costs…

If beneficiaries already got money from a non‑probate account and spent it, how do we handle creditor claims? nc

If beneficiaries already got money from a non‑probate account and spent it, how do we handle creditor claims? – North Carolina Short Answer In North Carolina, money that passes outside probate (like a transfer-on-death or payable-on-death account) can still be reached to pay valid estate debts if the probate estate does not have enough assets.…

Can I take an executor fee in a small estate, and is it worth pursuing if it reduces what’s left for everyone? nc

Can I take an executor fee in a small estate, and is it worth pursuing if it reduces what’s left for everyone? – North Carolina Short Answer In North Carolina, a personal representative (executor/administrator) generally may be paid for the work of administering an estate, but the amount is not automatic. In a true “small-estate”…