Probate Q&A Series

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Probate Q&A Series ·

How do I make final distributions from estate accounts when the court has already approved the accounting? NC

How do I make final distributions from estate accounts when the court has already approved the accounting? – NC Short Answer In North Carolina, court approval of an estate accounting usually means the personal representative can make the final distributions shown on that accounting, collect proof that each share was paid, and then finish closing…

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Probate Q&A Series ·

Can a transfer agent refuse to release account statements and date-of-death balances without court-certified letters of administration? NC

Can a transfer agent refuse to release account statements and date-of-death balances without court-certified letters of administration? – NC Short Answer Yes. In North Carolina, a transfer agent or similar financial record holder will usually require court-issued letters of administration or other court-certified proof of appointment before releasing a decedent’s account records to someone claiming…

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Probate Q&A Series ·

What documents do I need to prove authority to request a deceased person’s shareholder account records? NC

What documents do I need to prove authority to request a deceased person’s shareholder account records? – NC Short Answer In North Carolina, the usual document that proves authority to request a deceased person’s shareholder account records is a court-certified or sealed appointment issued through the estate proceeding, such as Letters Testamentary or Letters of…

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Probate Q&A Series ·

What estate documents can I use to request signature cards, contracts, and ownership records for a deceased person’s investment account? NC

What estate documents can I use to request signature cards, contracts, and ownership records for a deceased person’s investment account? – NC Short Answer In North Carolina, the document that usually gives an estate representative authority to request signature cards, account contracts, and ownership records for a deceased person’s investment account is a court-certified Letter…

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Probate Q&A Series ·

How do I know which property should be listed on an estate inventory and which property passes automatically after death? NC

How do I know which property should be listed on an estate inventory and which property passes automatically after death? – NC Short Answer In North Carolina, the estate inventory generally lists property the decedent owned alone and the decedent’s share of property owned jointly without a right of survivorship. Property that passes automatically at…

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Probate Q&A Series ·

Can a title company rely on letters of administration or similar estate papers to confirm an executor’s authority at closing? NC

Can a title company rely on letters of administration or similar estate papers to confirm an executor’s authority at closing? – NC Short Answer Usually, yes. In North Carolina, a title company will generally look to court-issued estate appointment papers such as letters testamentary or letters of administration to confirm that a personal representative has…

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