Are life insurance proceeds and IRA distributions subject to equitable distribution claims in North Carolina after a spouse’s death?

Are life insurance proceeds and IRA distributions at risk in an equitable distribution claim after a spouse’s death? When a spouse dies amid divorce or shortly after filing, one key concern is whether beneficiary-designated assets—like life insurance proceeds or IRAs—can be reached by an equitable distribution (ED) claim. In North Carolina, life insurance benefits and…

Can I use North Carolina’s small estate affidavit to transfer real property if it’s the only asset?

When can I use North Carolina’s Small Estate Affidavit if the only asset is real property? North Carolina’s Small Estate Affidavit allows heirs to collect assets worth less than $20,000 without full probate. However, real property never qualifies for this simplified procedure. Under N.C.G.S. § 28A-18-2, a small estate affidavit applies only to personal property…