How are cash distributions calculated when some assets were missing or tied up in bankruptcy? – NC

How are cash distributions calculated when some assets were missing or tied up in bankruptcy? – North Carolina Short Answer Under North Carolina probate law, cash distributions to heirs or beneficiaries are based on the actual assets that the personal representative is able to collect, after paying valid debts, taxes, and expenses. If property is…

Will claiming or transferring the car now affect the surviving spouse’s current or upcoming Medicaid eligibility? – NC

Will claiming or transferring the car now affect the surviving spouse’s current or upcoming Medicaid eligibility? – North Carolina Short Answer Under North Carolina law, one vehicle is usually an exempt resource for Medicaid, so simply claiming or retitling a modest personal car from a deceased spouse’s estate often does not, by itself, cause loss…

How can I make a co-trustee and co-executor share full accountings and documents if they won’t communicate? – NC

How can I make a co-trustee and co-executor share full accountings and documents if they won’t communicate? – North Carolina Short Answer Under North Carolina law, a co-trustee and co-executor must keep beneficiaries reasonably informed and maintain accurate records, and each fiduciary has rights to information needed to do the job. If informal requests and…

How fast can a law firm typically prepare a letter that meets a real estate agent’s requirements during probate? – NC

How fast can a law firm typically prepare a letter that meets a real estate agent’s requirements during probate? – North Carolina Short Answer Under North Carolina probate practice, a simple email letter for a real estate agent can often be prepared within a few business days once the attorney confirms the personal representative’s authority…

Can an emailed letter from the law firm serve as proof of my authority to list or sell estate property, or will the agent need official court papers? – NC

Can an emailed letter from the law firm serve as proof of my authority to list or sell estate property, or will the agent need official court papers? – North Carolina Short Answer Under North Carolina probate law, an emailed letter from a law firm is not what creates or proves legal authority to list…

Do valuable antiques or personal items listed in the will trigger full probate rather than a small‑estate process, and who sets their value? – NC

Do valuable antiques or personal items listed in the will trigger full probate rather than a small‑estate process, and who sets their value? – North Carolina Short Answer In North Carolina, valuable antiques and personal items do not automatically force an estate into full probate, but their fair market value counts toward the dollar limits…