How Do I Set Up an Estate Account for Dispersing Probate Funds in North Carolina? The probate process in North Carolina requires that funds from a decedent’s estate be held in an estate or probate account until distribution. In many cases, the executor or personal representative is advised to open a dedicated bank account to…
Who Should Sign the State’s Action Cover Sheet in North Carolina Probate? In North Carolina probate cases, the state’s action cover sheet must be properly executed in order to ensure your petition or application is accepted by the court. When the probate firm is not officially representing you throughout the process, you, as the applicant,…
What Are Surplus Funds in a Foreclosure Case and How Do I Claim Them in Richmond County, NC? In Richmond County, if a property is foreclosed upon, any funds that exceed the amount owed become surplus funds. These funds are first transferred to the Clerk of Court’s office and, after a statutory holding period, may…
What is the Difference Between a Living Trust and a Will in Avoiding Probate in North Carolina? A living trust transfers assets during your lifetime and after your death without the need for probate. A will, on the other hand, directs how your assets will be distributed after probate. In North Carolina, avoiding probate can…
Can I Request a Proper Appraisal for Inherited Real Property in North Carolina? In North Carolina, an appraisal of real property often is necessary to help determine the fair value of an inherited asset. When family members disagree about the appraisal value, questions may arise as to whether an executor or co-administrator is obligated to…
How Do I Obtain Property Parcel Information for Use as Collateral During Probate in North Carolina? In North Carolina probate administration, obtaining the parcel number and full property address is essential if you plan to use estate property as collateral. Counties like Gary’sburg require precise information to satisfy lenders’ conditions. Generally, property records are maintained…
What Is a Holographic Will in North Carolina and How Can It Be Probated? A holographic will is a document that is handwritten and signed by the testator. In North Carolina, a valid will must comply with the formal execution requirements set by statute. When a handwritten document is discovered, probating it requires showing that…
What Is a Holographic Will in North Carolina? A holographic will is a handwritten will created entirely in the testator’s own handwriting, without the presence of witnesses. In North Carolina, a holographic will is subject to specific legal requirements. The law demands that the will be written in a clear and legible manner by the…
Do I Need to Get Affidavits Notarized In Person for Probate Administration in North Carolina? In North Carolina, affidavits play an important role in probate cases. When you sign an affidavit, you must have the document notarized by a commissioned notary public. This requirement ensures that fingerprinted signatures are authentic and that the document meets…
Do Life Insurance Benefits Go Through Probate in North Carolina? In North Carolina, life insurance proceeds typically do not pass through probate. The designated beneficiary usually receives the funds directly from the insurance company. This is designed to ensure a timely distribution of assets without the delays often associated with probate court. When a life…
