What are my options for preserving a family home with delinquent taxes during probate?: North Carolina Probate

What are my options for preserving a family home with delinquent taxes during probate? – North Carolina Short Answer In North Carolina, the executor can protect a home with delinquent taxes by promptly qualifying with the Clerk of Superior Court, seeking authority to take possession of the property, and using estate funds or a court-approved…

How is a personal representative commission calculated and claimed in estate administration?: North Carolina

How is a personal representative commission calculated and claimed in estate administration? – North Carolina Short Answer In North Carolina, a personal representative’s commission is set by the Clerk of Superior Court and may not exceed 5% of commissionable receipts and disbursements (excluding distributions to heirs). The Clerk considers time, responsibility, and skill, and must…

Who is responsible for paying property taxes on inherited real estate before the estate has funds to cover them?: North Carolina

Who is responsible for paying property taxes on inherited real estate before the estate has funds to cover them? – North Carolina Short Answer In North Carolina, heirs or devisees who receive real property at death are generally responsible for ongoing property taxes after the date of death, unless and until the personal representative brings…