How Can I Challenge a Change in Life Insurance Beneficiary After Divorce and Separation in North Carolina?

How Can I Challenge a Change in Life Insurance Beneficiary After Divorce and Separation in North Carolina? Detailed Answer After a divorce or legal separation, many policyholders assume their ex-spouse can no longer receive life insurance proceeds. North Carolina law provides clarity but also limits. Under N.C.G.S. § 58-10-5, a divorce generally revokes any designation…

How do I collect and distribute life insurance proceeds when no beneficiary is named in North Carolina?

How do I collect and distribute life insurance proceeds when no beneficiary is named in North Carolina? Detailed Answer When a life insurance policyholder dies without naming or maintaining a living beneficiary, North Carolina law directs insurers to pay the death benefit into the insured’s estate. Under N.C. Gen. Stat. § 58-55-20(b)(1), the insurer treats…

How can heirs protect their inheritance when a surviving spouse files only a spousal allowance petition in North Carolina?

How Can Heirs Protect Their Inheritance When a Surviving Spouse Files Only a Spousal Allowance Petition in North Carolina? 1. Detailed Answer In North Carolina probate, a surviving spouse may file a petition for a spousal allowance under North Carolina General Statute § 30-15. This allowance provides up to $30,000 in cash plus the right…

How can a personal representative request a one-time extension to file the probate inventory and appraisement in North Carolina?

How can a personal representative request a one-time extension to file the probate inventory and appraisement in North Carolina? Detailed Answer When someone passes away in North Carolina, the personal representative must file an inventory and appraisement of the estate within 90 days of receiving letters (official appointment) under N.C. Gen. Stat. § 28A-13-2. This…

What documents should I gather before contacting a North Carolina probate attorney about an estate?

What documents should I gather before contacting a North Carolina probate attorney about an estate? Detailed Answer Before you meet with a probate attorney in North Carolina, gathering key documents helps you and your attorney move quickly through the estate process. The personal representative must file a petition for probate under N.C.G.S. §28A-12-2. That statute…