How are the proceeds from selling estate property divided among heirs and creditors? NC

How are the proceeds from selling estate property divided among heirs and creditors? – North Carolina Short Answer In North Carolina, money from the sale of estate property generally goes first to estate administration costs and other higher-priority claims, then to lower-priority creditors, and only after valid claims and required allowances are handled does any…

Can I keep the inherited car, pay expenses out of pocket, and have that recorded correctly in the final probate accounting? NC

Can I keep the inherited car, pay expenses out of pocket, and have that recorded correctly in the final probate accounting? – North Carolina Short Answer Yes. In North Carolina, when a vehicle is the main probate asset, the personal representative can usually distribute the car “in kind” to the sole beneficiary and pay allowed…

What documents or proof do I need to provide if the court requests more information about my application? NC

What documents or proof do I need to provide if the court requests more information about my application? – North Carolina Short Answer In North Carolina, when the Clerk of Superior Court asks for more information about a Year’s Allowance application, the clerk usually wants proof of (1) eligibility (for example, that the applicant is…

How can we remove a personal representative who won’t communicate and have a new one appointed? NC

How can we remove a personal representative who won’t communicate and have a new one appointed? – North Carolina Short Answer In North Carolina, an “interested person” can ask the Clerk of Superior Court (the estate clerk) to revoke the personal representative’s letters and appoint a successor when the personal representative is not properly doing…

How should I list joint accounts, beneficiary-designated accounts, and assets sold after death on the inventory and later accounting? NC

How should I list joint accounts, beneficiary-designated accounts, and assets sold after death on the inventory and later accounting? – North Carolina Short Answer In North Carolina, the inventory generally lists only assets owned by the decedent (or payable to the estate) as of the date of death. Joint accounts with survivorship and beneficiary-designated accounts…