How are personal injury settlement proceeds handled and distributed to a minor heir under intestacy rules?

How are personal injury settlement proceeds handled and distributed to a minor heir under intestacy rules? – North Carolina Short Answer In North Carolina, wrongful death settlement proceeds are not estate assets and, after limited deductions, must be distributed to the decedent’s heirs under the Intestate Succession Act. If the only heir is a minor,…

Can a non-heir guardian living out of state be appointed as administrator in a North Carolina probate and what bond is required?: North Carolina law explained

Can a non-heir guardian living out of state be appointed as administrator in a North Carolina probate and what bond is required? – North Carolina Short Answer Yes. A non-heir guardian who lives outside North Carolina can be appointed—most often as an ancillary administrator—if they are otherwise qualified, appoint a North Carolina resident process agent,…

How will the remaining estate funds be divided between me and my sibling after paying probate fees, debts, and taxes?: North Carolina Probate

How will the remaining estate funds be divided between me and my sibling after paying probate fees, debts, and taxes? – North Carolina Short Answer In North Carolina, when a parent dies without a will and there is no surviving spouse, the children inherit the net estate in equal shares. After the personal representatives pay…

Where can I search for unclaimed surplus proceeds with the North Carolina Department of State Treasurer?

Where can I search for unclaimed surplus proceeds with the North Carolina Department of State Treasurer? – North Carolina Short Answer Search NCCash.com, the North Carolina Department of State Treasurer’s official unclaimed property website. If foreclosure surplus funds were turned over to the State Treasurer, they will appear there under the owner’s name. You can…