Can an estate pay a creditor directly after a collection agency stops handling the file, and how should that payment be documented? nc

Can an estate pay a creditor directly after a collection agency stops handling the file, and how should that payment be documented? – North Carolina Short Answer Yes. In North Carolina, if a collection agency says the creditor has recalled the account, the estate can usually deal with (and pay) the original creditor directly, as…

What happens if the death was a while ago—are there deadlines or notice requirements that could affect the probate process? nc

What happens if the death was a while ago—are there deadlines or notice requirements that could affect the probate process? – North Carolina Short Answer In North Carolina, a death that happened “a while ago” usually does not prevent opening an estate, but it can change what can still be done and when. The biggest…

What can I do if a financial institution won’t release estate account statements or tax forms to anyone except the named administrator? nc

What can I do if a financial institution won’t release estate account statements or tax forms to anyone except the named administrator? – North Carolina Short Answer In North Carolina, a financial institution will usually only release estate-account statements and tax forms to the court-appointed personal representative (the “administrator” or “executor”) unless that personal representative…

What kinds of property and accounts can be included in a year’s allowance, and what happens if the total value is over the limit? nc

What kinds of property and accounts can be included in a year’s allowance, and what happens if the total value is over the limit? – North Carolina Short Answer In North Carolina, a spouse’s year’s allowance is generally satisfied from the deceased person’s personal property (not real estate), such as cash, bank accounts, vehicles, and…