What steps do I need to take to resolve a creditor’s claim on a repossessed vehicle before closing the estate?: North Carolina

What steps do I need to take to resolve a creditor’s claim on a repossessed vehicle before closing the estate? – North Carolina Short Answer In North Carolina probate, treat a repossessed car lender as a secured creditor only up to the value of the collateral; any leftover balance (deficiency) is an unsecured claim paid…

How can I confirm I’m receiving the correct net proceeds when selling an estate home?: North Carolina probate guide

How can I confirm I’m receiving the correct net proceeds when selling an estate home? – North Carolina Short Answer In North Carolina, confirm your net proceeds by verifying that you have legal authority to sell, and then reviewing the closing attorney’s settlement statement built on a title search and written payoff letters. Check that…

Can I postpone a closing date if I discover discrepancies in sale documents?: A North Carolina probate guide

Can I postpone a closing date if I discover discrepancies in sale documents? – North Carolina Short Answer Yes. In North Carolina estate sales, the personal representative has a duty to protect the estate and may delay closing to resolve title or settlement discrepancies. If the sale is a court‑authorized (judicial) sale, closing cannot occur…

Can I file a probate inventory listing only a small bank account and negligible personal items?: North Carolina

Can I file a probate inventory listing only a small bank account and negligible personal items? – North Carolina Short Answer Yes. In North Carolina, a personal representative must file an inventory within three months of qualifying that lists all probate assets with date-of-death values. If the estate holds only a small bank account and…

What is the process to claim unclaimed property from another jurisdiction for the estate?: North Carolina Probate

What is the process to claim unclaimed property from another jurisdiction for the estate? – North Carolina Short Answer In North Carolina, the personal representative claims out-of-state unclaimed property by submitting an estate claim to that state’s unclaimed property office with proof of authority (fresh certified or exemplified Letters), the death certificate, and ownership documentation.…