Can I use a receipt and refund agreement to document a distribution so it can be returned if needed? – NC

Can I use a receipt and refund agreement to document a distribution so it can be returned if needed? – North Carolina Short Answer Yes. In North Carolina estate administration, a personal representative can document a distribution with a signed receipt, release, and refunding agreement so the beneficiary acknowledges what was received, releases the personal…

What is the process for opening a probate estate when no probate assets remain but I need a court appointment? – NC

What is the process for opening a probate estate when no probate assets remain but I need a court appointment? – North Carolina Short Answer In North Carolina, a Clerk of Superior Court can still appoint a personal representative (administrator) even when most assets passed outside probate, but the court usually expects a clear reason…

Can creditors force sale of my mom’s inherited property to satisfy my stepfather’s debts? – NC

Can creditors force sale of my mom’s inherited property to satisfy my stepfather’s debts? – North Carolina Short Answer In North Carolina, creditors generally cannot force the sale of property that belongs to the surviving spouse or another person just because the decedent had debts. Most decedent debts get paid from the probate estate under…

Can I require the financial institution to document transfers between the decedent’s personal account and the estate account? NC

Can I require the financial institution to document transfers between the decedent’s personal account and the estate account? – North Carolina Short Answer In North Carolina, a personal representative (executor) can and should request complete account statements and transfer details needed to collect, value, and administer estate assets. Financial institutions and brokerages often will provide…