How are probate attorney fees paid from proceeds when inherited real property is sold in a North Carolina estate?

How Are Probate Attorney Fees Paid from Proceeds When Inherited Real Property Is Sold in a North Carolina Estate? Detailed Answer When you serve as personal representative of a North Carolina estate and sell inherited real property, you must follow court procedures for collecting sale proceeds and paying estate expenses, including attorney fees. First, you…

When can I use North Carolina’s Small Estate Affidavit instead of opening a full probate estate?

When can I use North Carolina’s Small Estate Affidavit instead of opening a full probate estate? Detailed Answer In North Carolina, you may avoid full probate by using a Small Estate Affidavit if certain conditions are met. The procedure lets heirs or beneficiaries collect assets without appointing an administrator. North Carolina law creates two summary…

How do I recover unclaimed surplus funds from an out-of-state foreclosure when the North Carolina estate has closed?

How do I recover unclaimed surplus funds from an out-of-state foreclosure when the North Carolina estate has closed? 1. Detailed Answer When a North Carolina estate has already closed, but surplus proceeds remain from a foreclosure in another state, you must reopen or file a new claim in the foreclosing jurisdiction. You cannot simply ask…

What are the differences between an executor and an administrator in North Carolina probate?

Differences Between an Executor and an Administrator in North Carolina Probate 1. Detailed Answer In North Carolina, probate involves settling a decedent’s estate under Chapter 28A of the North Carolina General Statutes. An executor and an administrator each serve as a personal representative, but the source of their authority and the process for appointment differ.…