How does the Small Estate Affidavit process transfer a vehicle in North Carolina when estate assets are under $20,000?

Understanding the Small Estate Affidavit Process in North Carolina When someone passes away in North Carolina and the total personal property in their estate is worth less than $20,000, heirs can use a Small Estate Affidavit to collect assets without full probate administration. This procedure includes transferring vehicles owned by the decedent. Under N.C. Gen.…

What steps should a personal representative take when opposing counsel accuses them of violating a standstill order and demands discovery?

What steps should a personal representative take when opposing counsel accuses them of violating a standstill order and demands discovery? Detailed Answer When opposing counsel claims that a personal representative has breached a standstill order and demands discovery, the representative must act swiftly and deliberately. A standstill order—often issued by the court—temporarily halts certain actions…

How much bond is required for an out-of-state personal representative in intestate North Carolina probate?

How much bond is required for an out-of-state personal representative in intestate North Carolina probate? Understanding Bond Requirements in North Carolina Intestate Probate When someone dies without a will in North Carolina, the court appoints a personal representative to manage and distribute the estate. Before the clerk of superior court issues letters of administration, the…

How should late-arriving dividend checks for a decedent’s estate be handled under North Carolina probate procedures?

How should late-arriving dividend checks for a decedent’s estate be handled under North Carolina probate procedures? 1. Detailed Answer When a dividend check arrives after you distribute an estate, North Carolina law treats it as an after-discovered asset. The personal representative must safeguard it, resolve any outstanding claims, and distribute the proceeds in the same…

What initial duties are required of a North Carolina estate administrator after qualification?

What initial duties are required of a North Carolina estate administrator after qualification? When the clerk issues your letters testamentary or letters of administration, you step into an important role. You carry responsibility for identifying assets, protecting them and handling estate business. Missing a filing deadline or failing to notify creditors can delay distribution or…