What happens if the home was co-owned with another parent who is also deceased—who inherits the property and how is it transferred? nc

What happens if the home was co-owned with another parent who is also deceased—who inherits the property and how is it transferred? – North Carolina Short Answer In North Carolina, who inherits a co-owned home after both co-owners have died depends first on how the deed was titled (for example, “tenants by the entirety,” “joint…

What happens in probate if we can’t confirm whether a bank account passes outside the estate through survivorship? NC

What happens in probate if we can’t confirm whether a bank account passes outside the estate through survivorship? – North Carolina Short Answer In North Carolina probate, if the estate cannot confirm that a bank account has a valid right of survivorship, the personal representative typically treats the account as a potential estate asset until…

How do I properly repay an inheritance advance from estate funds during probate? nc

How do I properly repay an inheritance advance from estate funds during probate? – North Carolina Short Answer In North Carolina probate, an inheritance advance is usually handled as a beneficiary’s assignment (or direction) to send part of that beneficiary’s eventual distribution to the advance company. The personal representative (or the estate’s attorney acting for…

How do I track down my parent’s life insurance, bank accounts, and vehicles when I don’t have access to the records? nc

How do I track down my parent’s life insurance, bank accounts, and vehicles when I don’t have access to the records? – North Carolina Short Answer In North Carolina, the cleanest way to track down a deceased parent’s assets is usually through the probate file and the personal representative’s required inventory and accountings filed with…

Do I need to fill out the estate property list on the application for letters of administration before I sign it? nc

Do I need to fill out the estate property list on the application for letters of administration before I sign it? – North Carolina Short Answer In North Carolina, the application for letters of administration typically includes a “preliminary inventory” section that is meant to be completed before the application is signed and notarized. The…