Do I need to retitle the house or record a new deed before I can sell inherited real estate, and who is responsible for the property taxes after the death? nc

Do I need to retitle the house or record a new deed before I can sell inherited real estate, and who is responsible for the property taxes after the death? – North Carolina Short Answer In North Carolina, inherited real estate often can be sold without first “retitling” it into a beneficiary’s name, but the…

Can the estate’s creditors or the IRS try to reach assets that passed outside probate, like property that was supposed to transfer under the divorce agreement? nc

Can the estate’s creditors or the IRS try to reach assets that passed outside probate, like property that was supposed to transfer under the divorce agreement? – North Carolina Short Answer Yes—sometimes. In North Carolina, certain “nonprobate” assets (like payable-on-death accounts, transfer-on-death securities, and some survivorship accounts) can still be reached to pay valid debts…

Can a bank be required to provide alternative records showing account ownership and survivorship terms for an old account? nc

Can a bank be required to provide alternative records showing account ownership and survivorship terms for an old account? – North Carolina Short Answer Yes—sometimes. In a North Carolina probate matter, a bank may be required (by subpoena or court order) to produce whatever account-opening and maintenance records it still has that show how an…

Who is allowed to request or receive payment information for a deceased person’s estate? nc

Who is allowed to request or receive payment information for a deceased person’s estate? – North Carolina Short Answer In North Carolina, the person with legal authority to request and receive payment-related information for a deceased person’s estate is usually the court-appointed personal representative (executor or administrator). That authority is typically proven with certified Letters…