How can I assume an SBA disaster loan as the administrator of my deceased parent’s estate?

How Can I Assume an SBA Disaster Loan as the Administrator of My Deceased Parent’s Estate? Detailed Answer When a borrower dies, the U.S. Small Business Administration (SBA) does not automatically cancel a disaster loan. The estate’s personal representative—in North Carolina commonly called an administrator—may step into the borrower’s shoes and assume responsibility for the…

How are Attorney’s Fees Handled in a North Carolina Probate Case?

Detailed Answer Probate in North Carolina requires a personal representative to settle an estate under court supervision. Often, the personal representative hires an attorney to guide the process. North Carolina law authorizes the clerk of superior court to allow reasonable attorney’s fees in probate. This authority appears in G.S. 28A-18-1, while the personal representative’s commission…

How Can I Obtain Bank Records and Signature Cards of a Deceased Person in North Carolina?

1. How Can I Obtain Bank Records of a Deceased Person in North Carolina? When administering an estate in North Carolina, accessing the deceased person’s bank records and signature cards is a crucial step. These documents help establish the decedent’s assets, verify account ownership, and ensure proper distribution to beneficiaries. Here’s a comprehensive guide on…