Do heirs have to consent to selling estate property to pay creditors, or can the estate administrator sell it without everyone signing? nc

Do heirs have to consent to selling estate property to pay creditors, or can the estate administrator sell it without everyone signing? – North Carolina Short Answer In North Carolina, heirs do not always have to sign or consent for estate real property to be sold to pay valid estate debts. If the estate needs…

How do I find out whether I am still a beneficiary on my parent’s investment accounts that were supposed to pass outside of probate? nc

How do I find out whether I am still a beneficiary on my parent’s investment accounts that were supposed to pass outside of probate? – North Carolina Short Answer In North Carolina, investment accounts often pass outside probate through a beneficiary designation (commonly shown as TOD/POD) or joint ownership with survivorship. The most reliable way…

Can the estate require that the deceased owner’s share of the home-sale proceeds be held back to pay estate expenses and creditor claims before the heirs get paid? nc

Can the estate require that the deceased owner’s share of the home-sale proceeds be held back to pay estate expenses and creditor claims before the heirs get paid? – North Carolina Short Answer Yes. In North Carolina, the personal representative generally must make sure valid estate expenses and creditor claims are paid (in the legal…

If no probate was opened after earlier family deaths, does that affect who owns the property now or the ability to sell it? nc

If no probate was opened after earlier family deaths, does that affect who owns the property now or the ability to sell it? – North Carolina Short Answer In North Carolina, not opening probate does not automatically stop ownership from passing at death, but it often leaves the property’s title “unclear” in the public records.…

How do I use a small-estate affidavit to close a deceased parent’s credit union account and receive the remaining funds? nc

How do I use a small-estate affidavit to close a deceased parent’s credit union account and receive the remaining funds? – North Carolina Short Answer In North Carolina, a “small-estate affidavit” is typically a collection by affidavit process that lets an heir collect certain personal property (like a credit union account) without opening a full…

If we signed an equitable distribution agreement but never got a divorce decree, do I still count as the surviving spouse for inheritance and estate rights? nc

If we signed an equitable distribution agreement but never got a divorce decree, do I still count as the surviving spouse for inheritance and estate rights? – North Carolina Short Answer Usually, yes. In North Carolina, a signed equitable distribution agreement does not end a marriage by itself, so if no absolute divorce decree was…