How can I close a deceased person’s bank account if the bank says they can only issue the check to the state or estate? – North Carolina Short Answer In North Carolina, a bank generally issues funds from a deceased person’s account only to a legally authorized recipient: the “Estate of [Name]” (through a personal…
What steps can I take if the court clerk can’t locate a signed order we submitted? – North Carolina Short Answer In North Carolina estates, first confirm whether the estate remains open and that accounting deadlines are on track. Then ask the Clerk of Superior Court to search and correct the file; if the order…
How do I ensure my annual accounting and extension motions are officially recognized by the court? – North Carolina Short Answer In North Carolina, your filings are officially recognized when the Clerk of Superior Court file-stamps them, enters resulting orders in the estate file, and endorses and records approved accounts. To lock this in, file…
How can I confirm whether a motion to keep an estate open was properly filed and recorded? – North Carolina Short Answer In North Carolina, the Clerk of Superior Court must approve an estate remaining open beyond one year and enter a written order. To confirm a motion and order were properly filed and recorded,…
How do I challenge an undervalued sale of estate real estate in probate? – North Carolina Short Answer In North Carolina, you can challenge an undervalued estate home sale by asking the Clerk of Superior Court to deny or delay approval, filing an upset bid within the statutory 10-day window if it is a judicial…
What rights do I have as an heir if the executor delays distribution to beneficiaries? – North Carolina Short Answer In North Carolina, you can ask the Clerk of Superior Court to order the executor to account, to compel distribution once debts and taxes are paid or provided for, and to remove the executor for…
What proof do I need to show an executor is acting under a conflict of interest? – North Carolina Short Answer Under North Carolina law, the Clerk of Superior Court can revoke an executor’s letters if the executor has a private interest that could hinder or be adverse to a fair administration of the estate,…
What is the process for calculating and reporting capital gains from stocks sold by the estate? – North Carolina Short Answer In North Carolina, the executor calculates the estate’s capital gains on stock sales using the estate’s basis (generally the fair market value at the decedent’s death, adjusted for any allowable elections) and reports them…
How can I set up a brokerage account in the estate’s name to sell remaining shares under the estate EIN? – North Carolina Short Answer In North Carolina, once you qualify as personal representative and have your Letters, you may open a brokerage account in the estate’s name using the estate EIN and sell the…
How do I collect all required tax documents from banks and brokerages to report estate income under the estate EIN? – North Carolina Short Answer In North Carolina, the executor collects tax documents by retitling the decedent’s cash and investment accounts into the estate’s name, using the estate EIN, and requesting year-end tax forms (like…
