Can I establish a life estate or lifetime occupancy through probate administration?: A North Carolina guide for surviving spouses

Can I establish a life estate or lifetime occupancy through probate administration? – North Carolina Short Answer Yes—but not by the administrator simply “granting” it. In North Carolina, a surviving spouse may secure lifetime occupancy by filing a statutory election for a life estate, including a special election in the marital dwelling if the spouse…

How are expenses deducted before distributing funds from a partition action?: Answered under North Carolina law

How are expenses deducted before distributing funds from a partition action? – North Carolina Short Answer In North Carolina, the Clerk of Superior Court oversees partition sales, and the court-appointed commissioner (or personal representative, if authorized) must pay sale-related costs and valid liens from the gross proceeds before any owner receives money. After costs of…

How can I transfer a timeshare contract into my name after my parent died?: Clear steps under North Carolina probate law

How can I transfer a timeshare contract into my name after my parent died? – North Carolina Short Answer If the North Carolina timeshare is a deeded interest (real property), you generally record the out-of-state probate in the North Carolina county where the timeshare sits or open an ancillary estate, then complete the resort’s transfer…