What assets must go through probate if there are joint bank accounts and a family LLC?: North Carolina

What assets must go through probate if there are joint bank accounts and a family LLC? – North Carolina Short Answer In North Carolina, assets titled solely in the decedent’s name generally go through probate. Joint bank accounts with a right of survivorship or payable-on-death (POD) designations usually pass outside probate, though they can be…

How can I find out if my parent had life insurance or retirement accounts after death?: North Carolina Probate

How can I find out if my parent had life insurance or retirement accounts after death? – North Carolina Short Answer In North Carolina, start by separating nonprobate assets (like life insurance and retirement accounts with named beneficiaries) from probate assets. As co-personal representatives, you can request information from insurers, employers, and financial institutions using…

What does it mean that the probate case is marked “disposed” and are there any funds left?: North Carolina

What does it mean that the probate case is marked “disposed” and are there any funds left? – North Carolina Short Answer In North Carolina, “disposed” on a probate docket usually means the Clerk of Superior Court approved the final account and entered an order closing the estate and discharging the personal representative. That status…

How can I prepare for a virtual probate hearing via WebEx to secure my appointment as administrator?: North Carolina

How can I prepare for a virtual probate hearing via WebEx to secure my appointment as administrator? – North Carolina Short Answer In North Carolina, the Clerk of Superior Court can issue Letters of Administration at a WebEx hearing if you are qualified, have priority or renunciations from those with higher or equal priority, have…