Can the surviving spouse sign all the required probate affidavit sections, or does someone else have to sign certain parts? NC

Can the surviving spouse sign all the required probate affidavit sections, or does someone else have to sign certain parts? – North Carolina Short Answer In North Carolina, the surviving spouse can sign the parts of an estate affidavit or petition that are sworn statements made by the spouse (the “affiant” or “petitioner”). But not…

What happens if a brokerage firm delays removing margin or restrictions after shares have been transferred and sold? NC

What happens if a brokerage firm delays removing margin or restrictions after shares have been transferred and sold? – North Carolina Short Answer In North Carolina estate administration, a brokerage firm’s delay in removing margin or account restrictions usually means the estate cannot close the brokerage accounts until the underlying margin balance (a secured debt)…

Can a co‑owner on a joint bank account access funds after death to pay ongoing bills and property expenses, and what happens to a separate business account that was only in the deceased person’s name? NC

Can a co‑owner on a joint bank account access funds after death to pay ongoing bills and property expenses, and what happens to a separate business account that was only in the deceased person’s name? – North Carolina Short Answer In North Carolina, a surviving co-owner on a joint bank account can usually access the…

How do minor beneficiaries receiving their inheritance in trust affect selling or transferring an inherited house during probate? NC

How do minor beneficiaries receiving their inheritance in trust affect selling or transferring an inherited house during probate? – North Carolina Short Answer In North Carolina, minor beneficiaries can still receive an inheritance in a trust and the estate can still sell or transfer an inherited house during probate, but the transaction usually needs extra…