What are my options when the costs of a North Carolina property partition action outweigh the estate’s available equity?

1. What Does It Mean When My Probate Attorney Concludes Representation? In North Carolina, an attorney may decide to withdraw from your probate matter when the costs of legal services exceed the available estate assets or when continued representation no longer serves your best interests. Under Rule 1.16 of the North Carolina Rules of Professional…

What is the step-by-step process under North Carolina’s Judicial Sales Act for selling estate real property?

What Is the Judicial Sales Act Process for Selling Estate Real Property in North Carolina? When a personal representative cannot sell estate real property by private agreement, North Carolina’s Judicial Sales Act provides a court-supervised method to market and sell the property. Below is a step-by-step overview consistent with Wake County practice (check with your…

What’s the difference between guardianship and a durable power of attorney in North Carolina, and when is each appropriate?

What’s the difference between a guardianship and a power of attorney in North Carolina, and when should I consider each for an heir with diminished capacity? In North Carolina, both guardianship and power of attorney (POA) let a trusted person help manage someone’s affairs. But they work very differently under state law. A guardianship permanently…

How do I obtain Letters of Administration in Robinson County to stop foreclosure on inherited property?

FAQ 1: How Do I Obtain Letters of Administration in Robinson County, NC to Stop Foreclosure on Inherited Property? If you inherit real estate in Robinson County and the mortgage lender won’t speak with you because you’re not the personal representative, you need to get “Letters of Administration.” These court-issued letters confirm your authority to…

Does repaying mistaken distributions to an estate generate taxable income under North Carolina estate tax rules?

Q1: Does repaying erroneous distributions to an estate count as income for North Carolina estate tax purposes? When a personal representative mistakenly uses estate funds for non-estate purposes and later reimburses the account, you may wonder if that refund triggers a state income tax filing. Under North Carolina law, an estate only recognizes gross income…