Probate Q&A Series

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Probate Q&A Series ·

What happens if a hidden account turns up after I’ve settled everything through beneficiary transfers? NC

What happens if a hidden account turns up after I’ve settled everything through beneficiary transfers? – North Carolina Short Answer In North Carolina, an account with a valid beneficiary or transfer-on-death (TOD) designation usually passes outside probate, even if it is discovered later. However, a later-discovered asset can still trigger a need to open an…

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Probate Q&A Series ·

Do I need to be officially appointed as an estate representative to transfer my parent’s bank and retirement accounts? NC

Do I need to be officially appointed as an estate representative to transfer my parent’s bank and retirement accounts? – North Carolina Short Answer Usually not in North Carolina. If the bank or retirement account has a valid beneficiary designation or a payable-on-death (POD)/transfer-on-death (TOD) arrangement, the institution typically pays the named beneficiary after it…

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Probate Q&A Series ·

Can I contest a beneficiary designation if I suspect my parent lacked mental capacity when making the change? NC

Can I contest a beneficiary designation if I suspect my parent lacked mental capacity when making the change? – North Carolina Short Answer Yes. In North Carolina, a beneficiary designation on many financial accounts (including many “POD/TOD” designations) can be challenged after death if the change was made when the account owner lacked the mental…

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Probate Q&A Series ·

How do I get access to a deceased parent’s stored belongings and resolve disputes over personal property that may not be part of the probate inventory? NC

How do I get access to a deceased parent’s stored belongings and resolve disputes over personal property that may not be part of the probate inventory? – North Carolina Short Answer In North Carolina, the person with legal authority to take control of a deceased parent’s belongings is usually the court-appointed personal representative (the executor…

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Attorney Jared Pierce
Attorney Jared Pierce
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