As the estate administrator, what expenses can I get reimbursed for (travel, taxes, insurance, loan payments), and what proof do I need to submit? NC

As the estate administrator, what expenses can I get reimbursed for (travel, taxes, insurance, loan payments), and what proof do I need to submit? – North Carolina Short Answer In North Carolina, a court-appointed estate administrator can usually be reimbursed from estate funds for reasonable, necessary expenses that were properly incurred to collect, protect, manage,…

If the house has an HVAC lease the decedent signed, am I obligated to keep it, or can I negotiate a payoff and get it removed from the property obligations? NC

If the house has an HVAC lease the decedent signed, am I obligated to keep it, or can I negotiate a payoff and get it removed from the property obligations? – North Carolina Short Answer In North Carolina, an HVAC “lease” signed by the decedent is usually a contract obligation that can follow the estate…

Does a backup beneficiary named in a will take over if the primary beneficiary dies after the willmaker, or does the primary beneficiarys estate receive the inheritance? NC

Does a backup beneficiary named in a will take over if the primary beneficiary dies after the willmaker, or does the primary beneficiarys estate receive the inheritance? – North Carolina Short Answer In North Carolina, if the primary beneficiary survives the will-maker long enough to be treated as having survived under the 120-hour rule (and…

Should we complete a distribution or custodial deed before closing the estate, and who must sign to avoid future title problems? NC

Should we complete a distribution or custodial deed before closing the estate, and who must sign to avoid future title problems? – North Carolina Short Answer In North Carolina, it is usually best practice to record the deed that puts the real estate into the correct long-term ownership (including a custodianship for a minor) before…