Can a debt collector still pursue payment from estate assets after the claim is barred? nc

Can a debt collector still pursue payment from estate assets after the claim is barred? – North Carolina Short Answer Usually no. In North Carolina, if a creditor does not properly present a claim within the required creditor-claim deadline, the claim is generally “forever barred” against the estate, meaning the personal representative should not pay…

Can I sell estate real estate during probate, and what’s the best way to handle it if one heir wants to buy out the other instead of selling to a third party? nc

Can I sell estate real estate during probate, and what’s the best way to handle it if one heir wants to buy out the other instead of selling to a third party? – North Carolina Short Answer Yes—estate real estate can often be sold during probate in North Carolina, but the “right way” depends on…

If the insurance payments covered both a vehicle and the decedent’s home, how do I show the court what portion was for the property? nc

If the insurance payments covered both a vehicle and the decedent’s home, how do I show the court what portion was for the property? – North Carolina Short Answer In North Carolina estate administration, the cleanest way to show what portion of a combined insurance payment relates to the decedent’s home (versus a vehicle) is…

Can a trustee distribute trust assets based only on a probated will when the distribution depends on a testamentary power of appointment? nc

Can a trustee distribute trust assets based only on a probated will when the distribution depends on a testamentary power of appointment? – North Carolina Short Answer Usually not. In North Carolina, when a trust’s distribution depends on whether a testamentary power of appointment was exercised, the trustee generally must confirm that the power was…