Probate Q&A Series

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Probate Q&A Series ·

Can the surviving spouse sign all the required probate affidavit sections, or does someone else have to sign certain parts? NC

Can the surviving spouse sign all the required probate affidavit sections, or does someone else have to sign certain parts? – North Carolina Short Answer In North Carolina, the surviving spouse can sign the parts of an estate affidavit or petition that are sworn statements made by the spouse (the “affiant” or “petitioner”). But not…

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Probate Q&A Series ·

What happens if a brokerage firm delays removing margin or restrictions after shares have been transferred and sold? NC

What happens if a brokerage firm delays removing margin or restrictions after shares have been transferred and sold? – North Carolina Short Answer In North Carolina estate administration, a brokerage firm’s delay in removing margin or account restrictions usually means the estate cannot close the brokerage accounts until the underlying margin balance (a secured debt)…

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Probate Q&A Series ·

Can a co‑owner on a joint bank account access funds after death to pay ongoing bills and property expenses, and what happens to a separate business account that was only in the deceased person’s name? NC

Can a co‑owner on a joint bank account access funds after death to pay ongoing bills and property expenses, and what happens to a separate business account that was only in the deceased person’s name? – North Carolina Short Answer In North Carolina, a surviving co-owner on a joint bank account can usually access the…

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Probate Q&A Series ·

How do minor beneficiaries receiving their inheritance in trust affect selling or transferring an inherited house during probate? NC

How do minor beneficiaries receiving their inheritance in trust affect selling or transferring an inherited house during probate? – North Carolina Short Answer In North Carolina, minor beneficiaries can still receive an inheritance in a trust and the estate can still sell or transfer an inherited house during probate, but the transaction usually needs extra…

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Probate Q&A Series ·

What happens if the estate doesn’t have enough cash to pay attorney fees or CPA costs—can I pay out of pocket and get reimbursed later? NC

What happens if the estate doesn’t have enough cash to pay attorney fees or CPA costs—can I pay out of pocket and get reimbursed later? – North Carolina Short Answer In North Carolina, a personal representative can often pay necessary estate administration expenses (including reasonable attorney and CPA-type professional fees) out of pocket and then…

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Probate Q&A Series ·

How do I legally get a deceased relative’s belongings out of their apartment if the lease is in their name? – NC

How do I legally get a deceased relative’s belongings out of their apartment if the lease is in their name? – North Carolina Short Answer In North Carolina, the safest way to legally remove a deceased tenant’s belongings is to act through someone with authority over the estate—usually a court-appointed personal representative (executor/administrator) with “letters”…

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Probate Q&A Series ·

How does a year’s allowance interact with creditor claims and distributions from the estate? NC

How does a year’s allowance interact with creditor claims and distributions from the estate? – North Carolina Short Answer In North Carolina, a surviving spouse’s (and eligible child’s) year’s allowance is generally handled before most creditor payments and before distributions to heirs or beneficiaries. The clerk of superior court can award the allowance from the…

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Probate Q&A Series ·

Do I need court approval or updated letters of authority before distributing the final cents from an estate account? NC

Do I need court approval or updated letters of authority before distributing the final cents from an estate account? – North Carolina Short Answer Usually, no separate court order or “updated” letters are required just to distribute the last small balance from an estate account in North Carolina, as long as the personal representative’s letters…

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Probate Q&A Series ·

What documents does a bank need to release statements for an estate account opened after death with an EIN? – NC

What documents does a bank need to release statements for an estate account opened after death with an EIN? – North Carolina Short Answer In North Carolina, a bank usually releases statements for an estate account to the court-appointed personal representative (or the personal representative’s attorney) after receiving proof of authority. The most common documents…

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Probate Q&A Series ·

What is the simplest way to transfer my parent’s car entirely to my sibling when the will leaves shares to minor children? NC

What is the simplest way to transfer my parent’s car entirely to my sibling when the will leaves shares to minor children? – North Carolina Short Answer In North Carolina, the simplest way is usually for the personal representative (executor) to transfer the vehicle to the sibling as an estate distribution by signing the title…

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Probate Q&A Series ·

How do I open an estate bank account and transfer funds from the decedent’s personal account safely? NC

How do I open an estate bank account and transfer funds from the decedent’s personal account safely? – North Carolina Short Answer In North Carolina, the personal representative (executor or administrator) typically opens an estate bank account after qualifying with the Clerk of Superior Court and receiving Letters. The estate account should use the estate’s…

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Probate Q&A Series ·

Can I be appointed as the estate administrator even though we were living apart, and how does that affect our adult children’s shares? NC

Can I be appointed as the estate administrator even though we were living apart, and how does that affect our adult children’s shares? – North Carolina Short Answer In North Carolina, a legally married spouse usually has first priority to be appointed as the estate administrator when someone dies without a will, even if the…

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Attorney Jared Pierce
Attorney Jared Pierce
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