What steps follow a sale of estate real property in North Carolina before heirs receive their distributions?

What steps follow a sale of estate real property in North Carolina before heirs receive their distributions? Detailed Answer After a personal representative sells estate real property in North Carolina, several steps must occur before heirs receive their share of the net proceeds. The process ensures the estate settles valid claims, complies with court requirements,…

What should I do if my estate planning attorney leaves before finishing my will and health care power of attorney?

What to Do if Your Estate Planning Attorney Leaves Before Completing Your Will and Health Care Power of Attorney Detailed Answer When your attorney departs before finalizing your will and health care power of attorney, you may feel uncertain about next steps. North Carolina law protects your rights and ensures you can complete your estate…

What steps must a North Carolina personal representative take to handle SBA and other creditor claims in probate?

Handling SBA and Other Creditor Claims in North Carolina Probate Detailed Answer When you serve as a personal representative in a North Carolina estate, you carry a duty to protect estate assets, notify creditors of the probate, review claims, and pay valid debts. This process ensures fair treatment of the decedent’s creditors—whether private lenders, medical…

How long should I expect the lien verification process in a probate case to take, and what might cause delays?

How long should I expect the lien verification process in a probate case to take, and what might cause delays? Detailed Answer When you serve as a personal representative in a North Carolina probate, you must identify and verify any liens on estate property before you distribute assets to beneficiaries. Common liens include mortgages, judgment…

What steps must a beneficiary follow to obtain sale proceeds held in trust during a North Carolina special proceeding?

What steps must a beneficiary follow to obtain sale proceeds held in trust during a North Carolina special proceeding? 1. Detailed Answer When a North Carolina clerk of superior court authorizes a special proceeding to sell estate assets, the sale proceeds often remain in a trust account or the court’s registry until the estate qualifies…