How do I handle missing estate property and appoint a public administrator in North Carolina?

How to Handle Missing Estate Property and Appoint a Public Administrator in North Carolina 1. Detailed Answer Understanding Missing Estate Property During probate, an estate representative must gather, value, and distribute a decedent’s assets under North Carolina law. Sometimes assets remain unlocated despite reasonable efforts. To handle missing property: Review bank and investment statements for…

How Do I Remove a Misbehaving Personal Representative and Protect Estate Property in North Carolina?

How Do I Remove a Misbehaving Personal Representative and Protect Estate Property in North Carolina? Detailed Answer When a personal representative mismanages an estate, beneficiaries and creditors can seek court intervention under North Carolina law. The first step is to determine whether the representative’s conduct qualifies as “misbehavior.” Examples include embezzlement, unauthorized distributions, neglect, or…

Avoid surprises in probate fees and qualify an executor in North Carolina

Avoid Surprises in Probate Fees and Qualify an Executor in North Carolina 1. Understanding Probate Fees in North Carolina Probate involves settling a decedent’s estate under court supervision. In North Carolina, personal representatives (also called executors) and their attorneys earn statutory commissions and fees. Knowing these costs up front helps you avoid surprise bills. Personal…

How can an heir reopen a closed North Carolina probate estate and address misconduct?

How an Heir Can Reopen a Closed North Carolina Probate Estate and Address Misconduct 1. Detailed Answer Once a probate estate in North Carolina closes, the court generally considers asset distribution and estate administration complete. However, state law allows heirs to challenge the final decree in certain situations, especially when misconduct by the personal representative…

How do I contest a fiduciary breach and find legal representation in North Carolina probate?

How to Contest a Fiduciary Breach and Find Legal Representation in North Carolina Probate 1. Detailed Answer When someone you trust—an executor, administrator, or personal representative—misuses estate assets, you face a fiduciary breach. In North Carolina, fiduciaries must act honestly and in beneficiaries’ best interests. If they fail, you have legal tools to hold them…

How much does North Carolina probate administration cost and how are fees structured?

How much does North Carolina probate administration cost and how are fees structured? 1. Detailed Answer Probate administration in North Carolina involves several categories of fees set by statute and local court rule. You’ll encounter court filing fees, personal representative commissions, attorney fees, appraisal costs, bond premiums and miscellaneous charges. Understanding each component helps you…

How do I manage estate business accounts and distribute corporate and real estate assets in North Carolina probate?

Managing Estate Business Accounts and Distributing Corporate and Real Estate Assets in North Carolina Probate 1. Detailed Answer When someone passes away owning a business or real property, the personal representative (previously called executor or administrator) must follow North Carolina law to protect assets, pay creditors, and distribute property to beneficiaries. Below is a step-by-step…