Who obtains the tax ID numbers for the testamentary trust and any subtrusts, and at what stage of probate should those be issued? NC

Who obtains the tax ID numbers for the testamentary trust and any subtrusts, and at what stage of probate should those be issued? – North Carolina Short Answer In North Carolina, the fiduciary who will act as trustee typically obtains the federal tax ID number (EIN) for a testamentary trust and for any separate sub-trusts…

Can I ask the court to prioritize pastdue child support over other creditor claims if there may not be enough to pay everyone? NC

Can I ask the court to prioritize pastdue child support over other creditor claims if there may not be enough to pay everyone? – North Carolina Short Answer In North Carolina probate, the order of payment is mostly set by statute, and a past-due child support claim usually does not automatically jump ahead of other…

Can we avoid probate for assets with beneficiary or transfer-on-death designations? NC

Can we avoid probate for assets with beneficiary or transfer-on-death designations? – North Carolina Short Answer Often, yes. In North Carolina, many assets with valid beneficiary, payable-on-death (POD), or transfer-on-death (TOD) designations pass directly to the named recipient and usually do not need to go through probate to transfer ownership. However, a court estate may…

What authority do letters of administration grant me to access and manage estate accounts? NC

What authority do letters of administration grant me to access and manage estate accounts? – North Carolina Short Answer In North Carolina, letters of administration are the Clerk of Superior Court’s written proof that an administrator has been officially appointed to act for an estate. Once issued, they usually allow the administrator to identify and…