How do I challenge an undocumented loan claim against the estate when there’s no written agreement?: Clear steps an executor can take in North Carolina

How do I challenge an undocumented loan claim against the estate when there’s no written agreement? – North Carolina Short Answer In North Carolina, a creditor must present a written claim that states the amount and basis of the debt. As personal representative, you can require supporting proof (such as an affidavit and records) and…

How can I confirm that the home sale proceeds have been properly deposited into the trust account?

How can I confirm that the home sale proceeds have been properly deposited into the trust account? – North Carolina Short Answer In North Carolina, you confirm the deposit by collecting and reconciling the closing documents with proof from the closing attorney’s trust account. Get the signed settlement (closing) statement, the trust account ledger for…

What steps do I need to open and use an estate bank account for closing personal accounts and reimbursing funeral expenses?

What steps do I need to open and use an estate bank account for closing personal accounts and reimbursing funeral expenses? – North Carolina Short Answer In North Carolina, a personal representative opens an estate bank account after receiving Letters from the Clerk of Superior Court and obtaining a federal EIN. Deposit estate funds into…

How do I handle final personal income taxes for my parent and determine if the estate also owes an estate income tax return?: North Carolina guidance

How do I handle final personal income taxes for my parent and determine if the estate also owes an estate income tax return? – North Carolina Short Answer In North Carolina, the personal representative files your parent’s final federal and state individual income tax returns for the year of death (typically due by April 15…

What deadlines must I meet for creditor claims and filing accountings in the probate process?: Clear timelines for North Carolina personal representatives

What deadlines must I meet for creditor claims and filing accountings in the probate process? – North Carolina Short Answer In North Carolina, publish notice to creditors promptly after you receive letters and mail personal notice to known creditors within 75 days. Unknown creditors must present claims by the date you set in the published…

Can a sibling legally sign estate or insurance documents on my behalf without permission?: Answered clearly under North Carolina law

Can a sibling legally sign estate or insurance documents on my behalf without permission? – North Carolina Short Answer In North Carolina, a sibling cannot sign estate or insurance documents for you unless you gave them a valid, written power of attorney. Only a duly appointed personal representative can sign for the estate, and that…