What documents or proof of authority do you require to release escrowed real‑estate proceeds to the estate’s representative?

What documents or proof of authority do you require to release escrowed real‑estate proceeds to the estate’s representative? – North Carolina Short Answer Under North Carolina probate law, escrowed real-estate proceeds may be released only to a duly authorized fiduciary who can prove legal authority to collect assets for the estate. In practice, this means…

If only small amounts remain uncollected, is it reasonable to leave them and proceed with final distributions?

If only small amounts remain uncollected, is it reasonable to leave them and proceed with final distributions? – North Carolina Short Answer Under North Carolina probate practice, a personal representative is expected to collect estate assets with reasonable diligence before filing a Final Account. The Final Account must show that all assets on hand have…

What should I do if some checks are past the issuer’s void date—can they be reissued without slowing the estate closing?

What should I do if some checks are past the issuer’s void date—can they be reissued without slowing the estate closing? – North Carolina Short Answer Under North Carolina probate practice, dividend or stock checks that are past the issuer’s void date generally cannot be deposited, but they can often be reissued by the transfer…

What should I do if some checks are past the issuer’s void date—can they be reissued without slowing the estate closing?

What should I do if some checks are past the issuer’s void date—can they be reissued without slowing the estate closing? – North Carolina Short Answer A personal representative in North Carolina may usually collect dividend or stock checks issued to a decedent, but stale or “void-date” checks typically must be reissued by the payer…