Can I use North Carolina’s small estate affidavit to transfer real property if it’s the only asset?

Can I use North Carolina’s small estate affidavit to transfer real property if it’s the only asset? Detailed Answer North Carolina’s small estate affidavit process only applies to a decedent’s personal and intangible property. You cannot use it to transfer real estate. Under North Carolina General Statutes § 28A-25-1, an heir or beneficiary may collect…

Are life insurance proceeds and IRA distributions subject to equitable distribution claims in North Carolina after a spouse’s death?

Are life insurance proceeds and IRA distributions subject to equitable distribution claims in North Carolina after a spouse’s death? 1. Detailed Answer In North Carolina, equitable distribution applies only during a divorce proceeding, under G.S. 50-20. Once a spouse dies, the court no longer divides marital property. Instead, assets pass according to beneficiary designations, a…

When is a North Carolina probate attorney required based on a decedent’s residency or property ownership?

Detailed Answer In North Carolina, you need a probate attorney when the decedent’s connections to this State trigger either a primary or ancillary estate administration. You must open primary administration if the person died domiciled in North Carolina, regardless of whether they left real or personal property here. If the decedent lived out of State…

How do I establish guardianship for an incapacitated adult in North Carolina and protect their assets from Medicaid estate recovery?

How do I establish guardianship for an incapacitated adult in North Carolina and protect their assets from Medicaid estate recovery? Establishing Guardianship for an Incapacitated Adult In North Carolina, you start by filing a petition in the clerk of superior court where the person resides. Under N.C.G.S. § 35A-1211, your petition must describe the adult’s…

How long after publishing notice must creditors submit claims and what filings are required for North Carolina estate inventory and accounting?

How Long After Publishing Notice Must Creditors Submit Claims and What Filings Are Required for North Carolina Estate Inventory and Accounting? Detailed Answer When someone dies in North Carolina, the personal representative (formerly called executor or administrator) must notify creditors by publishing notice in a local newspaper. This step starts the clock on creditor claims…