Probate Q&A Series

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Probate Q&A Series ·

What happens if an estate account can’t be closed because there’s a small remaining balance left in the account? NC

What happens if an estate account can’t be closed because there’s a small remaining balance left in the account? – North Carolina Short Answer In North Carolina, an estate usually cannot be fully closed until the personal representative has accounted for and distributed the remaining cash so the estate account can reach a true “zero…

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Probate Q&A Series ·

If the deceased person owned a vehicle or other property, can those assets be used to satisfy my judgment? nc

If the deceased person owned a vehicle or other property, can those assets be used to satisfy my judgment? – North Carolina Short Answer Sometimes. In North Carolina, a judgment creditor generally gets paid from assets that are part of the deceased person’s probate estate, after higher-priority expenses and family allowances are handled. A vehicle,…

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Probate Q&A Series ·

How can I prove whether a deceased person’s bank account was joint or individual if the bank can’t produce the signature card? NC

How can I prove whether a deceased person’s bank account was joint or individual if the bank can’t produce the signature card? – North Carolina Short Answer In North Carolina, the cleanest proof of a joint account with survivorship is the written account agreement (often the signature card) signed by all account owners. If the…

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Probate Q&A Series ·

What does the probate process usually look like for a small estate when some key documents are coming from another country? nc

What does the probate process usually look like for a small estate when some key documents are coming from another country? – North Carolina Short Answer In North Carolina, a “small estate” often can be handled through an abbreviated clerk-of-court process instead of a full probate administration, but the Clerk of Superior Court still must…

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Probate Q&A Series ·

How do I get missing bank statements for a decedent’s account and an estate account so I can complete the estate’s records and taxes? nc

How do I get missing bank statements for a decedent’s account and an estate account so I can complete the estate’s records and taxes? – North Carolina Short Answer In North Carolina, the person with legal authority to act for the estate (the personal representative) can usually obtain missing bank statements and year-end tax reporting…

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Probate Q&A Series ·

What happens if the home was co-owned with another parent who is also deceased—who inherits the property and how is it transferred? nc

What happens if the home was co-owned with another parent who is also deceased—who inherits the property and how is it transferred? – North Carolina Short Answer In North Carolina, who inherits a co-owned home after both co-owners have died depends first on how the deed was titled (for example, “tenants by the entirety,” “joint…

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Probate Q&A Series ·

What happens in probate if we can’t confirm whether a bank account passes outside the estate through survivorship? NC

What happens in probate if we can’t confirm whether a bank account passes outside the estate through survivorship? – North Carolina Short Answer In North Carolina probate, if the estate cannot confirm that a bank account has a valid right of survivorship, the personal representative typically treats the account as a potential estate asset until…

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Probate Q&A Series ·

How do I properly repay an inheritance advance from estate funds during probate? nc

How do I properly repay an inheritance advance from estate funds during probate? – North Carolina Short Answer In North Carolina probate, an inheritance advance is usually handled as a beneficiary’s assignment (or direction) to send part of that beneficiary’s eventual distribution to the advance company. The personal representative (or the estate’s attorney acting for…

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