How does tenancy by the entirety in North Carolina avoid probate and automatically transfer property to the surviving spouse?

How Tenancy by the Entirety in North Carolina Avoids Probate and Automatically Transfers Property to the Surviving Spouse Detailed Answer In North Carolina, married couples can hold real estate as tenants by the entirety. This form of ownership treats both spouses as a single legal unit. When one spouse dies, the surviving spouse automatically owns…

What steps are required to prepare and record a quitclaim deed for inherited property in North Carolina probate?

What steps are required to prepare and record a quitclaim deed for inherited property in North Carolina probate? Detailed Answer When someone inherits real estate in North Carolina through probate, transferring title to a beneficiary typically requires a quitclaim deed. A quitclaim deed conveys whatever interest the executor or administrator holds without warranty. Follow these…

What bank statements and records are required for a personal representative’s annual probate accounting in North Carolina?

What bank statements and records are required for a personal representative’s annual probate accounting in North Carolina? Detailed Answer Under North Carolina law, a personal representative must file an annual account with the clerk of superior court until the estate closes. North Carolina General Statutes section 28A-22-18 requires this accounting at the end of the…