How can a personal representative pay probate court fees and attorney services using estate assets in North Carolina?

Overview: Paying Court Fees and Attorney Services from Estate Assets When you serve as a personal representative in North Carolina, you handle estate assets to settle debts and distribute inheritances. Two common expenses are probate court fees and attorney’s services. State law allows you to pay these expenses from the estate principal, provided you follow…

How are lapsed gifts handled under North Carolina’s anti-lapse statute when a will’s sole beneficiary predeceases the testator?

How Are Lapsed Gifts Handled Under North Carolina’s Anti-Lapse Statute When a Will’s Sole Beneficiary Predeceases the Testator? 1. Detailed Answer When someone writes a will in North Carolina and names a sole beneficiary, they expect that person to take the gift or property at death. But if that beneficiary dies before the testator (the…

How can I confirm a North Carolina probate estate is officially closed and access its closing documents online?

How to Confirm Your North Carolina Probate Estate Is Officially Closed and Access Its Closing Documents Online 1. Detailed Answer When someone dies, the personal representative must settle all debts, file a final accounting, and obtain a court order discharging the estate. Under North Carolina law, the clerk of superior court oversees this process. To…

When Should I Use a Small Estate Affidavit Instead of Full Probate Administration in North Carolina?

When Should I Use a Small Estate Affidavit Instead of Full Probate Administration in North Carolina? Detailed Answer In North Carolina, you may choose a Small Estate Affidavit when the decedent’s personal property subject to administration totals $20,000 or less and no estate administration petition exists. This streamlined process, governed by N.C. Gen. Stat. §…

What information must be included in North Carolina’s probate inventory and appraisement under North Carolina law?

What information must be included in North Carolina’s probate inventory and appraisement under North Carolina law? Detailed Answer When someone dies in North Carolina and you serve as the personal representative (formerly called executor), you must prepare two key filings for the clerk of superior court: the probate inventory and the appraisement. These requirements appear…