What steps are required to transfer the out-of-state property to the heirs through the probate process?

What steps are required to transfer the out-of-state property to the heirs through the probate process? – North Carolina Short Answer Under North Carolina law, real estate is governed by the law of the state where it sits. To clear title to out-of-state land, the North Carolina personal representative typically secures certified or exemplified copies…

How can I compel the other co-owner to provide mortgage payoff and equity statements for mediation?

How can I compel the other co-owner to provide mortgage payoff and equity statements for mediation? – North Carolina Short Answer In North Carolina partition cases, you do not have to rely on voluntary sharing at mediation. Use formal discovery (requests for documents/interrogatories) and, if needed, a subpoena to the lender to obtain current payoff…

Can I still complete the purchase of a probate property if the original bidder dies before closing?: North Carolina guidance

Can I still complete the purchase of a probate property if the original bidder dies before closing? – North Carolina Short Answer Yes—under North Carolina law, a judicial sale is not final until it is confirmed by the Clerk of Superior Court. If the high bidder dies before closing, that bidder’s personal representative can usually…

Do proceeds need to flow through the estate bank account or can I have checks cut directly to the trust and beneficiaries?: Clear guidance for North Carolina executors

Do proceeds need to flow through the estate bank account or can I have checks cut directly to the trust and beneficiaries? – North Carolina Short Answer In North Carolina, money from probate assets typically should be deposited into the estate’s fiduciary bank account and disbursed from that account after paying valid claims and expenses.…