What should the executor communicate to a secured creditor to avoid foreclosure while the probate process is pending? nc

What should the executor communicate to a secured creditor to avoid foreclosure while the probate process is pending? – North Carolina Short Answer In North Carolina, an executor (personal representative) usually cannot stop a secured creditor from enforcing its lien just because probate is pending. To reduce the chance of foreclosure while the estate seeks…

Can letters be issued without a bond so the wrongful-death claim can move forward, with the bond handled later when funds are received? nc

Can letters be issued without a bond so the wrongful-death claim can move forward, with the bond handled later when funds are received? – North Carolina Short Answer Yes, in many North Carolina “wrongful-death-only” estate openings, the Clerk of Superior Court can issue letters without requiring an immediate bond, so the personal representative can file…

What do I need to include in the probate inventory, and what happens if I miss the deadline and need an extension? nc

What do I need to include in the probate inventory, and what happens if I miss the deadline and need an extension? – North Carolina Short Answer In North Carolina, the personal representative (estate administrator) generally must file an inventory within three months after qualification, listing the probate assets that came into the personal representative’s…

How do we close out the wrongful-death part of probate after a settlement is reached and funds are received? nc

How do we close out the wrongful-death part of probate after a settlement is reached and funds are received? – North Carolina Short Answer In North Carolina, closing out the probate “wrongful-death” administration usually means (1) making sure the settlement was properly approved when required, (2) keeping the wrongful-death proceeds separate from ordinary estate assets,…

What happens if the personal representative sells or disposes of estate property without the heirs agreeing, and what can an heir do about it? nc

What happens if the personal representative sells or disposes of estate property without the heirs agreeing, and what can an heir do about it? – North Carolina Short Answer In North Carolina, heirs do not usually get a veto over a personal representative’s decision to sell or dispose of estate property during administration. The personal…