Probate Q&A Series

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Probate Q&A Series ·

If a prior representative handled the publication and didn’t share the documents, how do I document compliance and keep the estate on track? NC

If a prior representative handled the publication and didn’t share the documents, how do I document compliance and keep the estate on track? – North Carolina Short Answer In North Carolina, the executor (personal representative) generally needs proof that the Notice to Creditors ran correctly, usually an Affidavit of Publication from the newspaper, and the…

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Probate Q&A Series ·

What happens to a power of attorney after death, and can we challenge transactions the agent made shortly before or after the death? NC

What happens to a power of attorney after death, and can we challenge transactions the agent made shortly before or after the death? – North Carolina Short Answer In North Carolina, a power of attorney generally ends when the principal dies, and the agent no longer has authority to control the person’s property. After death,…

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Probate Q&A Series ·

What debts and carrying costs can the estate administrator deduct from my share of the sale proceeds? NC

What debts and carrying costs can the estate administrator deduct from my share of the sale proceeds? – North Carolina Short Answer In North Carolina, an estate administrator generally can deduct (1) amounts needed to satisfy liens that attach to the property (like delinquent property taxes), (2) the estate’s reasonable costs to preserve, insure, maintain,…

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Probate Q&A Series ·

How can I access account and asset information as a co-heir during estate administration? NC

How can I access account and asset information as a co-heir during estate administration? – North Carolina Short Answer In North Carolina, most information about a probate estate is available through the Clerk of Superior Court, including the estate file, the inventory, and required accountings. If a sibling is acting as the personal representative (executor/administrator)…

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Probate Q&A Series ·

When should I set up an estate bank account, and how do I keep estate funds separate from my personal accounts? NC

When should I set up an estate bank account, and how do I keep estate funds separate from my personal accounts? – North Carolina Short Answer In North Carolina, an administrator should usually open an estate checking account right after qualification (appointment) so incoming checks and estate expenses flow through one account. Estate funds must…

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Probate Q&A Series ·

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…

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Probate Q&A Series ·

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…

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Probate Q&A Series ·

What steps can I take to force the administrator to produce the estate inventory and financial records? NC

What steps can I take to force the administrator to produce the estate inventory and financial records? – North Carolina Short Answer In North Carolina, an estate administrator must file an inventory with the Clerk of Superior Court (Estates Division) within three months after qualifying, and must file required accountings. If the administrator does not…

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Probate Q&A Series ·

How can I obtain proof of satisfaction for the remaining creditor claims to complete the final accounting? NC

How can I obtain proof of satisfaction for the remaining creditor claims to complete the final accounting? – North Carolina Short Answer In North Carolina estate administration, the personal representative typically proves that remaining creditor claims have been handled by filing “vouchers” showing payment or other resolution of each debt with the final account filed…

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Attorney Jared Pierce
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