Who becomes the executor if the surviving spouse is disqualified or cannot serve under the will after an equitable distribution order? nc

Who becomes the executor if the surviving spouse is disqualified or cannot serve under the will after an equitable distribution order? – North Carolina Short Answer In North Carolina, if the surviving spouse named as executor cannot serve (because the spouse is legally disqualified, declines, or is removed), the Clerk of Superior Court will generally…

If my parent owned property, can it be transferred to a relative who has been paying the taxes and insurance? nc

If my parent owned property, can it be transferred to a relative who has been paying the taxes and insurance? – North Carolina Short Answer Not automatically. In North Carolina, paying the property taxes and insurance usually does not transfer ownership after a parent’s death. Title typically passes under a will (to the named devisees)…

Do inheritance-advance agreements require monthly payments, or is repayment made as a lump sum at the end of probate? nc

Do inheritance-advance agreements require monthly payments, or is repayment made as a lump sum at the end of probate? – North Carolina Short Answer In North Carolina, most inheritance-advance arrangements are structured so the funding company is repaid from the beneficiary’s distribution when the estate makes a distribution, which often means a lump-sum payoff at…

Can I renew the registration and keep living in the house while probate is pending if the title owner is deceased and the loan isn’t paid off yet? nc

Can I renew the registration and keep living in the house while probate is pending if the title owner is deceased and the loan isn’t paid off yet? – North Carolina Short Answer In North Carolina, a person can often keep living in a deceased owner’s house while probate is pending, but only if the…

How can I sell a deceased person’s mortgage-free home during probate, and what approvals or paperwork are usually required? nc

How can I sell a deceased person’s mortgage-free home during probate, and what approvals or paperwork are usually required? – North Carolina Short Answer In North Carolina, selling a deceased person’s mortgage-free home during probate usually depends on whether the personal representative has authority to sell the real estate without a court order. If the…

What happens if the administrator sold estate property or paid certain debts before properly accounting for everything? nc

What happens if the administrator sold estate property or paid certain debts before properly accounting for everything? – North Carolina Short Answer In North Carolina, an estate administrator can sell estate property and pay valid estate debts during administration, but the administrator must keep records and later account to the Clerk of Superior Court through…