Probate Q&A Series

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Probate Q&A Series ·

If the insurance payments covered both a vehicle and the decedent’s home, how do I show the court what portion was for the property? NC

If the insurance payments covered both a vehicle and the decedent’s home, how do I show the court what portion was for the property? – North Carolina Short Answer In North Carolina estate administration, the cleanest way to show what portion of a combined insurance payment relates to the decedent’s home (versus a vehicle) is…

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Probate Q&A Series ·

Can a trustee distribute trust assets based only on a probated will when the distribution depends on a testamentary power of appointment? NC

Can a trustee distribute trust assets based only on a probated will when the distribution depends on a testamentary power of appointment? – North Carolina Short Answer Usually not. In North Carolina, when a trust’s distribution depends on whether a testamentary power of appointment was exercised, the trustee generally must confirm that the power was…

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Probate Q&A Series ·

What kind of evidence is usually needed to prove or disprove an abandonment claim in an intestate estate case? NC

What kind of evidence is usually needed to prove or disprove an abandonment claim in an intestate estate case? – North Carolina Short Answer In North Carolina intestate estates, an “abandonment” claim usually turns on concrete proof about the relationship: where the person lived, whether they provided support, and whether their conduct showed an intentional…

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Probate Q&A Series ·

Can I get an advance or loan against my expected inheritance while the estate is still being handled? NC

Can I get an advance or loan against my expected inheritance while the estate is still being handled? – North Carolina Short Answer Sometimes, but it depends on what “advance” means. In North Carolina, a personal representative (executor/administrator) may choose to make an early, partial distribution, but doing so can create risk if debts, taxes,…

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Probate Q&A Series ·

Can a relative transfer estate assets to themself before the probate process is finished, and what can be done to challenge that? NC

Can a relative transfer estate assets to themself before the probate process is finished, and what can be done to challenge that? – North Carolina Short Answer Usually not. In North Carolina, once a personal representative (executor or administrator) is appointed, that person must collect, safeguard, and report estate assets and then distribute them only…

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Probate Q&A Series ·

How do I find out whether a vehicle was transferred out of my parent’s name before they died, and whether it still needs to be listed in the estate inventory? NC

How do I find out whether a vehicle was transferred out of my parent’s name before they died, and whether it still needs to be listed in the estate inventory? – North Carolina Short Answer In North Carolina, the cleanest way to confirm whether a vehicle was still in a parent’s name at death is…

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Probate Q&A Series ·

If the estate’s main assets are vehicles, how do I handle selling or transferring them to pay estate debts? NC

If the estate’s main assets are vehicles, how do I handle selling or transferring them to pay estate debts? – North Carolina Short Answer In North Carolina, an estate’s vehicles are personal property that the administrator (personal representative) can usually sell or transfer as part of administering the estate, then use the net proceeds to…

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Probate Q&A Series ·

What happens if the will lists the wrong address for a property, and can the intended property still be transferred to the beneficiary? NC

What happens if the will lists the wrong address for a property, and can the intended property still be transferred to the beneficiary? – North Carolina Short Answer In North Carolina, a wrong or incomplete street address in a will does not automatically defeat a gift of real estate. If the intended property can be…

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Probate Q&A Series ·

Can the trust assets be transferred to a new corporate trustee without selling the stocks, so the holdings move “in kind” instead of being liquidated? NC

Can the trust assets be transferred to a new corporate trustee without selling the stocks, so the holdings move “in kind” instead of being liquidated? – North Carolina Short Answer Often, yes. Under North Carolina trust administration, a change from one corporate trustee to another can frequently be handled by transferring the trust’s brokerage assets…

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Probate Q&A Series ·

Do I have to open probate if my parent’s bank accounts have beneficiary designations, but the named beneficiary has already died? NC

Do I have to open probate if my parent’s bank accounts have beneficiary designations, but the named beneficiary has already died? – North Carolina Short Answer Often, yes. In North Carolina, a payable-on-death (POD) bank account only avoids probate if at least one named beneficiary survives the account owner. If the only named beneficiary died…

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Attorney Jared Pierce
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