If the only known asset is a bank account, do we still have to go through probate and a creditor-notice period? – North Carolina Short Answer Not always. Under North Carolina practice, whether probate (and the creditor-notice period) is required usually depends on where the bank account is located and what the bank requires to…
How can I get an adult child and their spouse out of the home after my spouse passed away, especially if ownership is still being sorted out? – North Carolina Short Answer In North Carolina, removing an adult child (and their spouse) from a home after a spouse’s death usually requires a court process—either a…
How do I find out what debts and bills the estate still owes and how those get paid? – North Carolina Short Answer In North Carolina, the personal representative (executor/administrator) identifies estate debts by gathering mail and records, sending required notice to creditors, and reviewing any claims that creditors file with the estate. Valid expenses…
What happens if creditor claims come in during probate and the estate needs to sell real property to pay debts? – North Carolina Short Answer In North Carolina probate, valid creditor claims generally must be paid before most beneficiaries receive distributions. If the estate does not have enough cash or personal property to pay approved…
Can we sell a house that is still co-owned with the surviving spouse when probate has not appointed anyone yet? – North Carolina Short Answer Usually not yet. In North Carolina, a sale of a co-owned home typically requires signatures from the current legal owners, and if any part of the home is part of…
What notice and paperwork should heirs or family members receive before an estate sells a home or condo? – North Carolina Short Answer In North Carolina, heirs and family members do not automatically receive a “closing packet” before an estate sells a home or condo. What they should receive depends on whether the personal representative…
How do we deposit and safeguard estate funds, and who is allowed to access or manage the estate account? – North Carolina Short Answer In North Carolina, estate money should be deposited into a bank account titled in the estate’s name (not a personal account) and managed by the court-appointed personal representative (executor or administrator)…
Can the estate use the tax-assessed value instead of market value to calculate my buyout for the inherited house? – North Carolina Short Answer In North Carolina, a buyout price for an inherited house is usually negotiated, so the parties can agree to use the county tax-assessed value if everyone voluntarily accepts it. But tax…
What happens if a mortgage lender starts foreclosure after the homeowner dies and the family hasn’t been able to communicate with the lender? – North Carolina Short Answer In North Carolina, a homeowner’s death does not automatically stop a mortgage foreclosure. Most residential foreclosures proceed through a hearing before the Clerk of Superior Court, and…
What happens if I refuse to sign a consent or authorization my relatives are pushing during the estate process? – North Carolina Short Answer In North Carolina, refusing to sign a “consent,” “waiver,” “authorization,” or “release” usually does not make an heir lose inheritance rights by itself. It often just means the personal representative (executor/administrator)…
