How are probate attorney fees paid from proceeds when inherited real property is sold in a North Carolina estate?

How Are Probate Attorney Fees Paid from Proceeds When Inherited Real Property Is Sold in a North Carolina Estate? Detailed Answer When you serve as personal representative of a North Carolina estate and sell inherited real property, you must follow court procedures for collecting sale proceeds and paying estate expenses, including attorney fees. First, you…

How do I reopen a closed North Carolina probate estate to collect newly discovered assets or retirement benefits?

Detailed Answer Reopening a closed estate in North Carolina involves filing a request for supplemental administration under the state’s probate code. If you discover assets or retirement benefits after an estate has closed, you can ask the clerk of superior court to reopen the probate case. The procedure relies on N.C. Gen. Stat. § 28A-22-1,…

How are household furnishings valued, amended, and reported in North Carolina probate?

How Are Household Furnishings Valued, Amended, and Reported in North Carolina Probate? 1. Detailed Answer When someone dies in North Carolina, the personal representative must identify and value all estate assets, including household furnishings. North Carolina law treats household furnishings as personal property. The process involves three main steps: appraisement, amendment (if needed), and reporting.…

When can I use North Carolina’s Small Estate Affidavit instead of opening a full probate estate?

When can I use North Carolina’s Small Estate Affidavit instead of opening a full probate estate? Detailed Answer In North Carolina, you may avoid full probate by using a Small Estate Affidavit if certain conditions are met. The procedure lets heirs or beneficiaries collect assets without appointing an administrator. North Carolina law creates two summary…