As a co-trustee or co-executor, am I personally responsible for acting as the landlord for inherited rental properties? nc

As a co-trustee or co-executor, am I personally responsible for acting as the landlord for inherited rental properties? – North Carolina Short Answer Usually not in a personal, individual-capacity sense. In North Carolina, a co-executor (personal representative) or co-trustee may need to make sure the rental properties are managed, rent is collected, and the properties…

Can a co-heir who has been living on the inherited property and paying the taxes claim the whole property through adverse possession? nc

Can a co-heir who has been living on the inherited property and paying the taxes claim the whole property through adverse possession? – North Carolina Short Answer Sometimes, but not just because a co-heir lived there and paid the taxes. In North Carolina, heirs typically own inherited real estate together as cotenants, and one cotenant’s…

How can I get reimbursed from the estate for expenses I paid after my spouse died, like insurance and other property-related costs? nc

How can I get reimbursed from the estate for expenses I paid after my spouse died, like insurance and other property-related costs? – North Carolina Short Answer In North Carolina, reimbursement usually happens by treating the out-of-pocket payments as either (1) an estate expense that the personal representative can repay during administration, or (2) a…

How do I file my spouse’s final tax return and deal with tax debt when we were filing separately and the tax issue may be tied to my spouse’s income reporting? nc

How do I file my spouse’s final tax return and deal with tax debt when we were filing separately and the tax issue may be tied to my spouse’s income reporting? – North Carolina Short Answer In North Carolina, the estate’s personal representative (administrator) generally handles the deceased spouse’s final income tax filings and addresses…