If the deceased had no will and had children, how is any wrongful-death settlement or estate money divided between the surviving spouse and the children? nc

If the deceased had no will and had children, how is any wrongful-death settlement or estate money divided between the surviving spouse and the children? – North Carolina Short Answer In North Carolina, a wrongful-death settlement is paid to the estate’s personal representative, but the remaining proceeds are distributed to the heirs under North Carolina’s…

What happens if I can’t find the title or registration paperwork for property the estate might claim? nc

What happens if I can’t find the title or registration paperwork for property the estate might claim? – North Carolina Short Answer In North Carolina, missing title or registration paperwork does not automatically decide whether property belongs to an estate. The personal representative still must make a reasonable effort to identify, gather, and inventory estate…

What is the estate worth and how do you calculate what I will receive from the remaining proceeds? nc

What is the estate worth and how do you calculate what I will receive from the remaining proceeds? – North Carolina Short Answer In North Carolina probate, the “estate value” and the amount a beneficiary receives are calculated from a court-filed inventory and accounting, not just from the house sale price. The distributable amount generally…

What are my responsibilities as executor during the early steps of settling an estate? NC

What are my responsibilities as executor during the early steps of settling an estate? – North Carolina Short Answer In North Carolina, an executor (also called a “personal representative”) must quickly secure and identify estate assets, set up an estate recordkeeping system (often including an estate bank account), and start the court-required reporting process with…