Can I recover notary or closing costs from estate funds when selling property?: North Carolina

Can I recover notary or closing costs from estate funds when selling property? – North Carolina Short Answer Yes—if the expenses are reasonable, necessary to administer the estate, and the sale is handled under the personal representative’s authority, North Carolina law allows reimbursement from estate funds subject to the Clerk of Superior Court’s approval. If…

What steps are needed to sell our inherited home in probate and split the proceeds with my sibling?: North Carolina

What steps are needed to sell our inherited home in probate and split the proceeds with my sibling? – North Carolina Short Answer In North Carolina, open the estate and have a personal representative (administrator) appointed by the Clerk of Superior Court. Publish and mail a Notice to Creditors, then either: (1) have the administrator…

Can we sell a financed vehicle during probate to cover loan payments and avoid repossession?: North Carolina law

Can we sell a financed vehicle during probate to cover loan payments and avoid repossession? – North Carolina Short Answer Yes—once the Clerk of Superior Court appoints a personal representative, that person may sell the decedent’s vehicle without a court order. However, the lender’s lien remains until it is paid or released, so the estate…

How can I find out if the corporate trustee will agree to serve and what asset threshold they require?: Practical steps under North Carolina law

How can I find out if the corporate trustee will agree to serve and what asset threshold they require? – North Carolina Short Answer In North Carolina, a trustee accepts the role by following the method in the will/trust or by acting as trustee. Whether a corporate trustee will serve—and the minimum asset size they…

Can I access the decedent’s individual and retirement accounts before the trust is formally established?

Can I access the decedent’s individual and retirement accounts before the trust is formally established? – North Carolina Short Answer Usually no. In North Carolina, retirement and transfer-on-death (TOD) brokerage accounts that name a testamentary trust pass directly to the trust—not to the estate—so the executor cannot withdraw or redirect those funds. The custodian will…