Frequently Asked Questions about Probate and Estate Administration in NC What Steps Should I Take if I Discover Assets After an Estate Has Closed in North Carolina? Discovering assets after an estate is officially closed can be a challenging situation. In North Carolina, if new assets, such as a 401(k) or other investments, are discovered,…
What Should I Do if I Can’t Find the Will in North Carolina? When a loved one passes away, finding their will is often the first step in executing their estate plans. However, if the will cannot be located, certain immediate actions can help protect the estate and move forward with the probate process: Start…
Frequently Asked Questions about Probate and Estate Administration in NC What is the Role of a Power of Attorney in North Carolina’s Estate Matters? A Power of Attorney (POA) in North Carolina is an essential tool for managing the affairs of an individual, particularly when it involves aging parents or family members. It grants an…
Frequently Asked Questions about Probate and Estate Administration in NC What Does “Reading of the Will” Actually Mean in North Carolina? The phrase “reading of the will” often brings to mind dramatic scenes from movies where a lawyer gathers family members and heirs in a room to announce the contents of a deceased person’s will.…
Frequently Asked Questions about Probate and Estate Administration in NC How Can I Access a Safety Deposit Box for Probate in North Carolina Before Probate? In North Carolina, accessing a decedent’s safety deposit box is often a crucial step to locating important documents such as a will, insurance policies, or other critical financial records. However,…
Frequently Asked Questions about Probate and Estate Administration in NC How Can I Claim a Life Insurance Policy for a Minor Beneficiary? When a loved one passes away and leaves a life insurance policy in which a minor is a beneficiary, it can be crucial to understand the appropriate steps for claiming these benefits. Here’s…
Frequently Asked Questions about Probate and Estate Administration in NC How Do I Open an Estate in North Carolina After a Loved One Passes Away? Opening an estate in North Carolina involves several steps, which are particularly necessary when managing the assets of a deceased person. To begin, obtain the death certificate as this is…
Frequently Asked Questions about Probate and Estate Administration In North Carolina How Can Someone Be Removed as Power of Attorney? Power of attorney (POA) gives a person authority to make decisions on behalf of the principal. However, this authority can be revoked or changed under specific circumstances: The principal revokes the power of attorney. A…
Frequently Asked Questions about Probate and Estate Administration In North Carolina What is Probate and When is it Required in North Carolina? Probate is a legal process that occurs after someone passes away. It involves the court overseeing the distribution of the deceased person’s assets and the payment of any debts and taxes. In North…