What are the differences of using a small estate affidavit versus full probate administration?: North Carolina probate explained

What are the differences of using a small estate affidavit versus full probate administration? – North Carolina Short Answer In North Carolina, a small estate affidavit lets an eligible person collect a decedent’s personal property (like vehicles and bank accounts) without opening full probate if the probate assets are under the statutory limit and at…

Am I personally responsible for my grandparent’s loan debt attached to the property?: North Carolina probate answer

Am I personally responsible for my grandparent’s loan debt attached to the property? – North Carolina Short Answer In North Carolina, you are not personally responsible for a grandparent’s debt unless you signed the loan, guaranteed it, or later agreed to assume it. However, you take the house subject to any valid liens (like a…

Can I challenge the validity of a decades-long loan agreement signed by my grandparent?: North Carolina probate guidance

Can I challenge the validity of a decades-long loan agreement signed by my grandparent? – North Carolina Short Answer Yes, but you must use the right process. In North Carolina, a personal representative typically challenges a decedent’s contract in Superior Court (for example, for lack of capacity, undue influence, or fraud), while secured creditors can…

How do I get a UCC fixture filing released after inheriting property with a secured loan?: Clear a North Carolina fixture filing from the land records

How do I get a UCC fixture filing released after inheriting property with a secured loan? – North Carolina Short Answer In North Carolina, a UCC fixture filing comes off the land records when the secured debt is paid, settled, or the creditor’s interest otherwise ends. After payoff, the secured party of record should record…