Can I ask creditors to pause collection efforts during probate, and how should I communicate with them? nc

Can I ask creditors to pause collection efforts during probate, and how should I communicate with them? – North Carolina Short Answer Yes. In North Carolina probate, a personal representative can ask a creditor to pause collection activity while the estate is being administered, especially when payment depends on a pending sale or a clerk-authorized…

What documents do I need to collect a small stock account, and will the brokerage accept a small‑estate affidavit? nc

What documents do I need to collect a small stock account, and will the brokerage accept a small‑estate affidavit? – North Carolina Short Answer In North Carolina, a brokerage may accept an Affidavit for Collection of Personal Property (a small-estate affidavit) if the estate qualifies under the small-estate limits and at least 30 days have…

What documents are needed? nc

What documents are needed? – North Carolina Short Answer In North Carolina, reopening a closed estate usually requires a petition to reopen filed with the Clerk of Superior Court, plus paperwork that allows a personal representative to be (re)appointed and receive updated letters. In a wrongful death case, the key “working” document is current Letters…

What does an executor do in probate, and how is that different from a beneficiary’s role? nc

What does an executor do in probate, and how is that different from a beneficiary’s role? – North Carolina Short Answer In North Carolina probate, an executor (also called a “personal representative”) is the court-authorized person who gathers the estate’s assets, pays valid debts and expenses, files required paperwork with the Clerk of Superior Court,…

Does a house held in a revocable trust stay outside probate, and how does that affect creditor claims against the estate? nc

Does a house held in a revocable trust stay outside probate, and how does that affect creditor claims against the estate? – North Carolina Short Answer In North Carolina, a house titled in a revocable living trust is usually a non‑probate asset, meaning it can often be managed or transferred by the trustee without opening…

Can the bank freeze or close accounts during the estate process, and how can I access funds needed for urgent expenses? nc

Can the bank freeze or close accounts during the estate process, and how can I access funds needed for urgent expenses? – North Carolina Short Answer In North Carolina, a bank will often restrict (and sometimes close) a deceased person’s individual accounts once it learns of the death, until someone has legal authority to act…