How can I negotiate a deceased person’s credit card debt when the estate has limited assets and there are higher‑priority claims to pay first? NC

How can I negotiate a deceased person’s credit card debt when the estate has limited assets and there are higher‑priority claims to pay first? – North Carolina Short Answer In North Carolina, credit card debt is usually a general, low-priority estate claim, so it often gets paid only after higher-priority costs and claims are handled…

What happens if I missed the inventory deadline and already transferred assets, sold a vehicle, and retitled accounts? NC

What happens if I missed the inventory deadline and already transferred assets, sold a vehicle, and retitled accounts? – North Carolina Short Answer In North Carolina, a court-appointed executor must file an estate inventory with the Clerk of Superior Court within three months after qualification, even if assets have already been moved, retitled, or sold.…

How do I open probate for the car and home while coordinating trust administration for rental and farm properties? NC

How do I open probate for the car and home while coordinating trust administration for rental and farm properties? – North Carolina Short Answer In North Carolina, opening probate (an “estate administration”) usually starts by qualifying a personal representative with the Clerk of Superior Court and getting Letters so the personal representative can deal with…

What documents will a contractor, lender, or insurer accept as proof of ownership so I can get permits, financing, or insurance for repairs? NC

What documents will a contractor, lender, or insurer accept as proof of ownership so I can get permits, financing, or insurance for repairs? – North Carolina Short Answer In North Carolina, third parties usually want a recordable, county-filed document trail that shows who owns the real estate. The most commonly accepted proof is (1) a…

What happens if I decline or disclaim a beneficiary payout—does it pass to the estate or contingent beneficiaries, and how could that affect Medicaid eligibility? NC

What happens if I decline or disclaim a beneficiary payout—does it pass to the estate or contingent beneficiaries, and how could that affect Medicaid eligibility? – North Carolina Short Answer In North Carolina, a valid written renunciation (also called a disclaimer) generally makes it as if the beneficiary had predeceased for purposes of who takes…