Probate Q&A Series

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Probate Q&A Series ·

If the home or a bank account was jointly titled with a surviving relative, can it still be brought into the estate to pay debts and expenses? nc

If the home or a bank account was jointly titled with a surviving relative, can it still be brought into the estate to pay debts and expenses? – North Carolina Short Answer Sometimes. In North Carolina, many jointly titled assets pass automatically to the surviving co-owner and are not controlled by the estate. But certain…

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Probate Q&A Series ·

What happens if a brokerage or bank account has a named beneficiary—does that keep the money out of the estate and force a sale of the home to pay claims? nc

What happens if a brokerage or bank account has a named beneficiary—does that keep the money out of the estate and force a sale of the home to pay claims? – North Carolina Short Answer In North Carolina, a bank or brokerage account with a valid POD/TOD beneficiary usually passes outside the probate estate, so…

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Probate Q&A Series ·

What happens if the executor doesn’t properly notify heirs or doesn’t file the required inventory and other probate paperwork on time? nc

What happens if the executor doesn’t properly notify heirs or doesn’t file the required inventory and other probate paperwork on time? – North Carolina Short Answer In North Carolina, an executor (personal representative) who fails to give required notices or misses required probate filings can be ordered by the Clerk of Superior Court to fix…

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Probate Q&A Series ·

What can I do to stop someone from selling or giving away family heirlooms and other personal property before the estate is settled? nc

What can I do to stop someone from selling or giving away family heirlooms and other personal property before the estate is settled? – North Carolina Short Answer In North Carolina, the most effective way to stop someone from selling or giving away a decedent’s personal property is to get a personal representative (executor/administrator) appointed…

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Probate Q&A Series ·

What is the process for handling firearms held by law enforcement after the owner dies, and can they be transferred to an heir or held for a child? nc

What is the process for handling firearms held by law enforcement after the owner dies, and can they be transferred to an heir or held for a child? – North Carolina Short Answer In North Carolina, firearms held by law enforcement after an owner’s death are usually released only to a legally authorized person (often…

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Probate Q&A Series ·

How do I find out whether I am still a beneficiary on my parent’s investment accounts that were supposed to pass outside of probate? nc

How do I find out whether I am still a beneficiary on my parent’s investment accounts that were supposed to pass outside of probate? – North Carolina Short Answer In North Carolina, investment accounts often pass outside probate through a beneficiary designation (commonly shown as TOD/POD) or joint ownership with survivorship. The most reliable way…

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Probate Q&A Series ·

Can the estate require that the deceased owner’s share of the home-sale proceeds be held back to pay estate expenses and creditor claims before the heirs get paid? nc

Can the estate require that the deceased owner’s share of the home-sale proceeds be held back to pay estate expenses and creditor claims before the heirs get paid? – North Carolina Short Answer Yes. In North Carolina, the personal representative generally must make sure valid estate expenses and creditor claims are paid (in the legal…

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Probate Q&A Series ·

If no probate was opened after earlier family deaths, does that affect who owns the property now or the ability to sell it? nc

If no probate was opened after earlier family deaths, does that affect who owns the property now or the ability to sell it? – North Carolina Short Answer In North Carolina, not opening probate does not automatically stop ownership from passing at death, but it often leaves the property’s title “unclear” in the public records.…

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Probate Q&A Series ·

How do I use a small-estate affidavit to close a deceased parent’s credit union account and receive the remaining funds? nc

How do I use a small-estate affidavit to close a deceased parent’s credit union account and receive the remaining funds? – North Carolina Short Answer In North Carolina, a “small-estate affidavit” is typically a collection by affidavit process that lets an heir collect certain personal property (like a credit union account) without opening a full…

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