Probate Q&A Series

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Probate Q&A Series

Can I request an accounting from an executor if I believe estate money or trust property has been handled without enough transparency? – NC

Can I request an accounting from an executor if I believe estate money or trust property has been handled without enough transparency? – NC Short Answer Yes. In North Carolina, a beneficiary or other interested person can often ask for more information and, when needed, seek an accounting from the executor through the estate file…

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Probate Q&A Series

What happens if the proposed administrator lives in another state when opening an intestate estate? – NC

What happens if the proposed administrator lives in another state when opening an intestate estate? – NC Short Answer In North Carolina, a proposed administrator can often still qualify even if that person lives in another state, but the out-of-state status usually matters for bond. In practice, a nonresident administrator generally must post bond in…

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Probate Q&A Series

Can estate funds be held temporarily somewhere while a new trustee is being chosen for the beneficiaries who need ongoing trust management? – NC

Can estate funds be held temporarily somewhere while a new trustee is being chosen for the beneficiaries who need ongoing trust management? – NC Short Answer Yes. Under North Carolina law, funds that are supposed to stay in trust generally should not be paid outright to those beneficiaries just because the current trustee is resigning…

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