What is the process for distributing the remaining estate funds to the decedent’s children after all taxes, claims, and expenses are settled?

What is the process for distributing the remaining estate funds to the decedent’s children after all taxes, claims, and expenses are settled? — North Carolina Short Answer In North Carolina, the personal representative distributes what’s left either under the will or, if there’s no will, under the Intestate Succession Act. Before distributing to children, the…

How do I file a partition action in North Carolina for inherited properties when some owners won’t respond?: North Carolina Partition Action

How do I file a partition action in North Carolina for inherited properties when some owners won’t respond? — North Carolina Short Answer In North Carolina, you start a partition case as a special proceeding with the clerk of superior court in the county where the land sits. You must name and serve all co-owners;…

Do I need to post a bond to serve as administrator of my mother’s intestate estate, and can that requirement ever be waived?: Answered under North Carolina probate law

Do I need to post a bond to serve as administrator of my mother’s intestate estate, and can that requirement ever be waived? — North Carolina Short Answer In North Carolina, an administrator in an intestate estate generally must post a bond before the court will issue Letters of Administration. Bond can be waived only…

Can I include the mortgage, property taxes, and other carrying costs I paid in my share of the sale proceeds?

Can I include the mortgage, property taxes, and other carrying costs I paid in my share of the sale proceeds? — North Carolina Short Answer Yes—North Carolina partition law generally allows a co-owner to receive a credit from sale proceeds for necessary carrying costs that preserved the property, such as property taxes, hazard insurance, mortgage…

What paperwork do I need to show receipts or bank statements for expenses on the house in a partition case?: North Carolina Partition Action

What paperwork do I need to show receipts or bank statements for expenses on the house in a partition case? — North Carolina Short Answer Bring clear proof of each expense tied to the property: invoices/receipts plus proof of payment (canceled checks, bank/credit card statements), and any supporting records like tax bills, insurance declarations, permits,…