Probate Q&A Series

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Probate Q&A Series ·

Does a prior felony conviction prevent someone from serving as the estate administrator, and how is that issue raised in court? NC

Does a prior felony conviction prevent someone from serving as the estate administrator, and how is that issue raised in court? – NC Short Answer Yes, in North Carolina, a prior felony conviction can prevent a person from serving as an estate administrator if that person’s citizenship rights have not been restored. The issue is…

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Probate Q&A Series ·

Can an estate administrator request historical statements directly, and what proof does the bank usually require? NC

Can an estate administrator request historical statements directly, and what proof does the bank usually require? – NC Short Answer Yes. In North Carolina, a duly appointed estate administrator can usually request historical bank statements that are reasonably needed to collect estate information, trace funds, and complete the estate administration. Most banks will ask for…

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Probate Q&A Series ·

Can someone acting under a power of attorney sign paperwork to give up a living parent’s inheritance interest in an estate? NC

Can someone acting under a power of attorney sign paperwork to give up a living parent’s inheritance interest in an estate? – NC Short Answer Sometimes, but not automatically. Under North Carolina law, an agent acting under a power of attorney may sign a renunciation or disclaimer of a living parent’s inheritance interest only if…

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Probate Q&A Series ·

Do the proceeds from an estate property sale have to be paid to the estate instead of directly to an heir or family member? NC

Do the proceeds from an estate property sale have to be paid to the estate instead of directly to an heir or family member? – NC Short Answer Usually, yes. In North Carolina, when estate real property is sold during administration, the personal representative must protect estate assets, address valid creditor claims, and complete the…

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