What happens if medical providers make a claim but the estate has limited funds and I can’t find their records? NC

What happens if medical providers make a claim but the estate has limited funds and I can’t find their records? – North Carolina Short Answer In North Carolina, medical providers can file creditor claims against a decedent’s estate, but they generally get paid only after higher-priority items like estate administration costs and certain funeral expenses.…

What remedies exist if the estate administrator distributes assets before the formal claim period ends? NC

What remedies exist if the estate administrator distributes assets before the formal claim period ends? – North Carolina Short Answer In North Carolina, an estate administrator who distributes estate assets before the creditor-claim period ends can be held personally responsible if that early distribution leaves the estate unable to pay valid debts or expenses. Common…

What valuation method should I use to see if a single vehicle qualifies for summary administration? NC

What valuation method should I use to see if a single vehicle qualifies for summary administration? – North Carolina Short Answer In North Carolina, the most practical way to value a single vehicle for a small-estate-style shortcut (including deciding whether summary administration is worth pursuing) is to use a reasonable fair market value as of…