When an estate house is sold, how are executor expenses handled before the remaining proceeds are distributed to heirs? nc

When an estate house is sold, how are executor expenses handled before the remaining proceeds are distributed to heirs? – North Carolina Short Answer In North Carolina, the estate generally pays legitimate administration expenses (including reasonable out-of-pocket costs the executor advanced) before any remaining sale proceeds are distributed to heirs. The executor typically documents those…

If the estate’s main assets are vehicles, how do I handle selling or transferring them to pay estate debts? nc

If the estate’s main assets are vehicles, how do I handle selling or transferring them to pay estate debts? – North Carolina Short Answer In North Carolina, an estate’s vehicles are personal property that the administrator (personal representative) can usually sell or transfer as part of administering the estate, then use the net proceeds to…

What happens if the will lists the wrong address for a property, and can the intended property still be transferred to the beneficiary? nc

What happens if the will lists the wrong address for a property, and can the intended property still be transferred to the beneficiary? – North Carolina Short Answer In North Carolina, a wrong or incomplete street address in a will does not automatically defeat a gift of real estate. If the intended property can be…

How do I request an exemplified or triple-seal copy of probate proceedings for an estate case? nc

How do I request an exemplified or triple-seal copy of probate proceedings for an estate case? – North Carolina Short Answer In North Carolina, an exemplified (often called “triple-seal”) copy of probate proceedings is typically requested from the Clerk of Superior Court (Estates) in the county where the estate file is located. The request usually…

What is the deadline for the other party to submit proof like bank statements to support their reimbursement request? nc

What is the deadline for the other party to submit proof like bank statements to support their reimbursement request? – North Carolina Short Answer In North Carolina, there usually is not one automatic, statewide deadline that forces an opposing party to turn over bank statements or similar proof just because they asked for reimbursement. In…