What happens if the buyer’s attorney insists on writing the closing check directly to the lender instead of the estate? NC

What happens if the buyer’s attorney insists on writing the closing check directly to the lender instead of the estate? – North Carolina Short Answer In North Carolina, the closing attorney (as the settlement agent) must disburse closing funds exactly as the signed settlement statement and closing instructions require. If the payoff is a lien…

What are the risks of keeping insurance and registration in the deceased person’s name while I hold the vehicle? NC

What are the risks of keeping insurance and registration in the deceased person’s name while I hold the vehicle? – North Carolina Short Answer In North Carolina, keeping a car’s registration and insurance in a deceased owner’s name while someone else possesses and uses the vehicle can create major problems. The biggest risks are an…

How do we list real estate located in different counties on the estate inventory, and when would the administrator need a court order to bring it under estate control? NC

How do we list real estate located in different counties on the estate inventory, and when would the administrator need a court order to bring it under estate control? – North Carolina Short Answer In North Carolina, an administrator lists each parcel of real estate on the estate inventory as a separate item and identifies…

What happens if a year’s allowance for my sibling isn’t filed by the deadline, and can it be submitted late? NC

What happens if a year’s allowance for my sibling isn’t filed by the deadline, and can it be submitted late? – North Carolina Short Answer In North Carolina, missing the filing window for a year’s allowance can mean the allowance claim is lost, especially when a personal representative has been appointed and letters have been…